MONTREAL GAZETTE | Johanne Whitmore, HEC Montreal
December 7th, 2015 | As negotiations are underway at the United Nations Climate Conference in Paris, the debate is increasingly shifting toward the moral imperative for adopting a new climate deal. But the reality remains that the economy matters. Many industrial heavyweights located in jurisdictions with a carbon price, like the aluminum industry in Quebec, face pressures when their competitors aren’t subject to similar restrictions. Whether international trade issues are included or left out of the next climate agreement may ultimately determine whether it will succeed, or will fail like the last deal, the Kyoto Protocol.