Ah, it must be Spring in Copenhagen with all that talk of linking in the air. See Minister Prentice press release here for a good review of what he, or perhaps more precisely the PM is thinking.
I too have been all consumed lately with thinking on linking Canada-US permit trade. [...]
A senior federal cabinet minister has added some long awaited clarity on where Canada is going with climate policy in advance of Copenhagen,
“I don’t think we’ve been ambiguous on this issue…”
(here)
This picture, and indeed the whole federal policy, is eerily paralleling the Bush administrations bold forays into climate policy … see post here
As [...]
There is an article today indicating more delays with rules for California’s cap-and-trade program (here)
California’s blueprint to address global warming won’t include details of an emissions-trading program as regulators try to build consensus on how best to organize the market-based system….”They were a long way off at approaching consensus on the major design elements.”
This outcome [...]
Ok, so cap and trade with the US just got really interesting:
Canada to seek climate deal with Obama
Here
There was talk of this post election, including morphing the current intensity based system (in the Regularly Framework) to something with a hard or binding cap before 2015. Linking a national cap and trade program to the [...]
A neat little piece of climate policy work was just released, albeit quietly, during the federal election. Nic Rivers and Mark Jaccard have been taking analytical jabs at various climate policies for a very long time. Their central theme has been to compare, from an analytical perspective, what government’s say they will achieve [...]
While my computer spins away churning out some carbon capture and storage modelling numbers, I was scanning the news and it struck me: the good times are here to stay! That is if you are working in climate policy. For everyone else, it seems to be all doom and gloom. Not [...]
Ok, I am back at it, after a long absence. And to kick off, I am posting a rather long diatribe on cap-and-trade vs tax. At this point in the federal election, I thought it would be good to post a good look at the differences between cap and trade and tax. [...]
While academic economists have long argued for a carbon tax, the political realities have driven policy to cap and trade. In response, those smart folks thinking of good policy design came up with the “safety valve” to allow for cost containment. The safety value concept has political appeal since it essentially caps [...]
I had the good fortune of being briefed on the details of the federal government’s climate plan this week. What is interesting is that the briefing occurred during a break in discussions of how a carbon tax might be applied nationally and might complement cap and trade. As I sat listening to the [...]
David Suzuki today released a carbon pricing and revenue recycling report today authored by Nic Rivers and myself (suzuki-carbon-report-en-web.pdf). In the report we apply a carbon price of varying levels within a general equilibrium model of the Canadian economy and then test alternative revenue recycling and tax shifting options. We find that with smart [...]
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