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Dear Mr. Yves Giroux (Parliamentary Budget Officer) Dear MP Alexandra Mendés (Brossard & Assistant Deputy Speaker of the House of Commons) am a member of Canada's Citizens’ Climate Lobby. We aro grateful for the service of our parliamentarians and the Parliamentary Budget Office (PBO). We are in a climate emergency and an affordability crisis at the same time. How lucky we are to have a PBO to guide Canadians and politicians. Evidence-based policy is an essential component of a healthy democracy. Over the years the PBO reports have guided us tremendously in building the political will ora liveable wortd ‘We appreciate that economic forecasting is complex and a moving target. ‘And we duly noted that on page 7 of your recent report: A Distributional ‘Analysis of Federal Carbon Pricing under A Healthy Environment and A Healthy Economy (March 24, 2022) that you clearly state the following: "The report does not attempt to account for the economic and ‘environmental costs of climate change." We are making a polite request of the PBO and our Parliamentarians: ‘That future PBO reports on the economic impact of the federal carbon pricing policy take into account the economic, health and environmental costs of climate change and Canada doing our fair share in keeping the global temperature rise below 1.5C by 2030. Since the publication of your report there have been two Canadian reports ‘on the economic impacts of climate change that might help in future analysis: THE PHYSICAL COSTS OF CLIMATE CHANGE: A Canadian Perspective, (April 2022) from the Institute for Sustainable Finance. The data reveals that under multiple ising warming scenarios, the associated physical costs grow dramatically, with 2030, 2050, and 2070 being inflection points. DAMAGE CONTROL: Reducing the costs of climate impacts in Canada (September 2022) from the Canadian Climate Institute. They found that the economic impacts of climate change impact all households. The good news that If global emissions reductions in line with a low-emissions ‘scenario are achieved, the total costs could be cut by three-quarters. In your future reports on Canada’s carbon pricing policy, please consider using the above two resources to incorporate more details on overall costs relatec to the impacts of climate change, on the economy, on the health of all Caradians and on the environment. ‘Thank you for taking the time to read this letter, Truly, Sinceraly, \S< George Stamatis

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