Thursday, May 26, 2022
The Green Market Oracle
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Wildfires
    • Extreme Weather
  • Energy
    • Fossil Fuels
    • Renewables
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Social Change
    • Activism
    • Disinformation
    • Education
    • Psychology
    • Gender Equality
  • Business and Economics
    • Leadership
    • Decarbonization
    • Economics
    • Supply Chains
    • Investing
  • Technology
    • Carbon Removal
    • Carbon Capture
    • Transportation
    • Buildings
    • Food
No Result
View All Result
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Wildfires
    • Extreme Weather
  • Energy
    • Fossil Fuels
    • Renewables
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Social Change
    • Activism
    • Disinformation
    • Education
    • Psychology
    • Gender Equality
  • Business and Economics
    • Leadership
    • Decarbonization
    • Economics
    • Supply Chains
    • Investing
  • Technology
    • Carbon Removal
    • Carbon Capture
    • Transportation
    • Buildings
    • Food
No Result
View All Result
The Green Market Oracle
No Result
View All Result
Home Other

Now is the Time for Carbon Pricing in Canada

by Richard Matthews
July 6, 2016
in Other
0

The low price of oil make this an ideal time to put a price on carbon. Putting a price on carbon is one of the most powerful and far reaching actions Canada (and other governments) can take to reduce emissions is to enact national carbon pricing. In fact this was listed at the top of policy recommendations by the Sustainable Canada Dialogues report. Carbon pricing incentivizes competitiveness by making operations more efficient and more lean management and practices.

In a Wall Street Journal post last year, economist Margaret Walls argued that low oil prices make this an ideal time to implement carbon pricing. “[A] carbon tax might help to avert some capital investment decisions that would lock in higher emissions,” she said.

We already have working examples of carbon pricing schemes in Canada. There are/were three such programs in North America: The Regional Greenhouse Gas Initiative (RGGI), the Midwestern Greenhouse Gas Reduction Accord (the Midwestern Accord has been inactive since March 2010) and the Western Climate Initiative (WCI).

The WCI is a multi-sector, market-based emissions reduction program. It started in 2007 with a group of five American states (Arizona, California, New Mexico, Oregon, and Washington). Shortly after being formed the Canadian province of British Columbia joined, followed my Manitoba, Quebec and Ontario. By 2011 California was the only US state left in the WCI alongside four Canadian provinces. 

In 2015 Ontario formally joined Quebec in a cap-and-trade carbon pricing scheme and in 2016 we have seen the beginning of a pan-Canadian carbon pricing agreement.

Even the oil rich provincial government of Alberta has introduced a carbon pricing scheme that will take effect at the start of 2017. The money raised is expected to be almost ten billion over five years. This money will be used to help finance the growth of renewables in the province.

ShareTweetShare
Previous Post

Canadian Renewable Energy: Federal and Provincial Government Policy Initiatives

Next Post

The Folly of Canadian Fossil Fuel Subsidies

Related Posts

Seasons Greetings from the Green Market Oracle

by Richard Matthews
December 24, 2021
0

American Courts are Defending Democracy and the Environment

by Richard Matthews
December 14, 2020
0

Despite unprecedented challenges, America's legal system has held. In recent weeks the courts have repeatedly defended democracy and in the last four years they have overturned a wide range of environmental...

Environmental Plebiscites: Municipal Referendums and State Ballot Initiatives

by Richard Matthews
November 12, 2020
0

The November 3rd election not only elected an environmentally responsible president it also gave Americans a chance to vote on environmental issues in five state ballots and two city referendums. Americans ...

Next Post

The Folly of Canadian Fossil Fuel Subsidies

Leave a Reply Cancel reply

Follow Us

  • Facebook
  • Twitter
  • Email
  • LinkedIn
  • Reddit
  • SoundCloud

Subscribe to the Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Economics

Defining Sustainable Economic Systems – Development vs Growth

by Richard Matthews
April 20, 2022
0

Prevailing economic systems are not working and it is becoming increasingly clear that we require a paradigm shift to address...

Read more
List of private equity firms and investment funds that focus on on sustainable development goals: Climate action, clean energy, sustainable cities and communities, quality education, innovation and infrastructure, life below water, and life on land.

List of the Top Sustainability Focused Private Equity Firms

March 21, 2022
russia's invasion of ukraine from the perspective of climate and energy

Russia’s War From a Climate Perspective

March 14, 2022
Private Equity Firms Are Paving the Way to a More Sustainable Future

Private Equity Firms Are Paving the Way to a More Sustainable Future 

February 21, 2022
sustainably invested cash money

Top 12 Green Private Equity Firms

February 7, 2022
  • About
  • Climate Change
  • Energy
  • Business and Economics
  • Politics
  • Technology
  • Social Change
  • Events
  • Other

© 2021 Copyright The Green Market Oracle.

No Result
View All Result
  • Business and Economics
    • Leadership
    • Supply Chains
  • Economics
  • Energy
    • Fossil Fuels
    • Renewables
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Extreme Weather
    • Wildfires
  • Investing
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Technology
    • Buildings
    • Carbon Capture
    • Food
    • Transportation
  • Social Change
    • Education
    • Activism
    • Psychology

© 2021 Copyright The Green Market Oracle.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In