Marie-Christine Tremblay is currently the Director of the Climate Analysis Team within the Financial Stability Department. In this capacity, she is helping advance the analysis and research on the macroeconomic and financial system impacts of climate change.

Ms. Tremblay has extensive experience in working on an array of environmental, economic and global analytical issues. Previously she held various management positions at Finance Canada, Environment and Climate Change Canada, and the Treasury Board Secretariat. She was also the Head of the Climate Change, Biodiversity and Development Division at the Organization for Economic Cooperation and Development (OECD), leading and participating in a number of analytical initiatives, including through collaborations with international partners such as the International Energy Agency (IEA) and the World Bank.

Ms. Tremblay holds a BA in Economics from the University of Ottawa, an MA in Economics from Simon Fraser University, and a PhD in Economics from Laval University.

Staff working papers

An Investigation into the Effects of Border Carbon Adjustments on the Canadian Economy

We examine the economic implications of border carbon adjustments (BCAs) for Canada. We find that, BCAs, in the form of import tariffs, reduce Canada’s carbon leakage and improve its competitiveness when Canada is part of a broad coalition of BCA-implementing countries. Welfare also improves when tariff revenues are transferred to households.
Content Type(s): Staff research, Staff working papers Topic(s): Climate change, International topics, Trade integration JEL Code(s): C, C6, C68, F, F1, H, H2, Q, Q3, Q37, Q5

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Technical reports

Assessing Climate-Related Financial Risk: Guide to Implementation of Methods

A pilot project on climate transition scenarios by the Bank of Canada and the Office of the Superintendent of Financial Institutions assessed climate-related credit and market risks. This report describes the project’s methodologies and provides guidance on implementing them.

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Journal publications


"Multiunit Pay‐Your‐Bid Auction with One‐Dimensional Multiunit Demands" (with Bernard Lebrun), International Economic Review, Wiley Online Library, Vol 44, Issue 3, 2003.