PBO Defends Decision Not to Include Climate Change Impact Costs in Budget Analysis

PBO Defends Decision Not to Include Climate Change Impact Costs in Budget Analysis
Parliamentary Budget Officer Yves Giroux prepares to appear before a committee in Ottawa, on June 13, 2022. The Canadian Press/Justin Tang
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The Parliamentary Budget Officer defended his decision not to include the impacts of climate change in his analysis of the upcoming federal budget, saying those costs are difficult to estimate and that global temperature changes would continue even in the absence of carbon emissions.

“Even though it would be ideal to have a cost-benefit analysis, the benefits are always not very tangible and not easily measurable,” Yves Giroux told the Government Operations Committee on March 27.