BC’s carbon tax has folks talking about tax incidence or who will see what carbon price, and recycling incidence, or who will get what back. BC business will see 2/3 of the overall incidence and consumers will see 1/3, but the recycling incidence is reversed with 2/3 going to consumers and 1/3 going to [...]
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 [...]
Carolyn Fischer sent me a news story that went on something like this,
“Cap and trade is a charade to continue business as usual,” said Angela Johnson Meszaros, director of the California Environmental Rights Alliance.
Environmental justice groups instead favor carbon fees on polluting industries, a strategy endorsed by many economists as simpler and more transparent, although [...]
Ok, so in taking a look at the CBO document a couple of points are worth mentioning.
First the report’s main conclusion that a carbon tax is five times more efficient than cap and trade is based on a policy comparison that is unreal. Essentially the inflexible option compared is unlike any cap [...]
The CBO report (see my last post) has a number of folks talking. But I like this reaction, (here)
Good Climate Policy, Bad Politics.
A new report from the Congressional Budget Office confirms one of the most depressing facts about climate change: The best policy is the one that’s going nowhere in Washington.
The CBO report [...]
The US Congressional Budget Office has just released a report that argues that a cap and trade system is much less efficient than a tax. Download the report here (02-12-carbon.pdf) and see coverage by the Wall Street journal (Here).
At first glance it seems we have an apples and oranges issues where the reductions are [...]
BC’s speech from the throne had some interesting words on climate policy (see here), but the line that got me chuckling was this one,
“Every molecule of carbon dioxide released into our atmosphere by human activities matters”
While this is a great line to counter the argument that Canada’s share of global emissions are only 2% and [...]
There are two articles in the Globe today that perpetuate bad thoughts on carbon policy and carbon costs. The first article (see here) pegs costs way too high by assuming that every single molecule of carbon results in a uniform costs at the highest carbon price, say $50,
At $15 a tonne, if Keephills were [...]
The Standing Committee on Environment and Development is currently debating a private members Bill on deeper targets for Canada (Bill C-377). The Bill is all about more aggressive targets relative to the government’s plan. But, in actuality, these targets are in line with the Bali Footnote for 2020 (-25% below 1990) and not [...]
The Canada West Foundation just released a nice comprehensive inventory of Canadian provincial and Federal policies on climate mitigation. The document can be found here: Building on Our Strengths: An Inventory of Current Federal, Provincial, and Territorial Climate Change Policies. It is a nice tight survey that provides both the announced targets [...]
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