The Canadian government has released its new Turning the Corner plan for regulating greenhouse gases, setting mandatory intensity-based emission targets (18% reduction over three years) for major industrial sectors. Firms exceeding their targets will be required to pay $15/tonne starting in 2010. Expected cost: $7-8B per year, offset by an expected $6B benefit from improved health. Kyoto targets won't be reached until 2020, eight years late. Reaction from industry, Alberta, the Opposition. Previous proposal from Opposition leader Stephane Dion. Previously.
posted by russilwvong on Apr 27, 2007 - 12 comments

Everyone complains about the weather, but nobody does anything about it. What are the climate change policy options? Paul Krugman on tax-shifting. William Nordhaus on carbon taxes vs. cap-and-trade (PDF). Mark Jaccard, Nic Rivers, and Matt Horne note that in Canada, voluntary measures and subsidies haven't worked, and propose a detailed policy package (PDF). [more inside]
posted by russilwvong on Feb 21, 2007 - 6 comments