Climate scientist, prof at UBC, writer, speaker, aquatic mammal, dragger of sand into the house.
Simon Donner
Loading...
Why I'm worried:
i) lack of details in the Alberta deal about the benchmark tightening rate (given ample research and advice),
ii) deal's language around "cost sharing" on contracts for difference; could turn a good idea into subsidizing high-emitting companies that can afford emissions cuts
Hope for meaningful emissions cuts from industrial pricing now rest heavily on negotiations around tightening the emissions benchmarks and the delivery of "contracts for difference", which encourage companies to act by locking in the future carbon price (regardless of future policy changes). (1/2)
... and there it is. The Canadian gov't has officially cut the rate of increase in the industrial carbon price by 75%, matching the deal with Alberta. Sadly predictable. You let one province weaken a federal policy, and it reverberates nationally.
www.canada.ca/en/environme...
