Pricing risk to the environment works best when it’s fair

Pollution

Our latest report Responsible Risk explains how putting a price on risk to the environment can make disasters less likely. The report shows how we can use economic tools to strengthen companies’ incentives to manage environmental risks posed by their operations. In this blog, I’ll discuss why when it comes to risk pricing, one size […]

A missing piece in the oil transport debate

Climate and Energy

Concerns about the environmental risks from oil transport are a key aspect of the debates about energy infrastructure in Canada. Pipelines pose risks of spills and so do tankers. At the same time, the recent five-year anniversary of the tragic Lac-Mégantic derailment reminded us of the risks that come with transport by rail. Our new […]

Saskatchewan carbon pricing

Fair comparison of the cost of climate action needed in Saskatchewan

Climate and Energy

by Brett Dolter & Dale Beugin The Saskatchewan government released a two-page press release last week describing the impacts of carbon pricing, alongside a report from the University of Regina. More evidence about policy options is always welcome. But evidence is only helpful when used in context. For three reasons, the Saskatchewan press release confuses […]

If not carbon pricing in Ontario – which works well – then what, Mr. Ford?

Climate and Energy

by Dale Beugin, Don Drummond, Glen Hodgson and Mel Cappe We’d like to correct the record on some of the myths and misunderstandings surrounding carbon pricing. The economic evidence clearly contradicts some of the recent rhetoric coming from Ontario. In short: Carbon pricing works. Carbon pricing is cheaper than any other policy option. And getting […]

Can Ontario hit its targets without carbon pricing?

Climate and Energy Pollution

Ontario’s new government plans to dismantle the provincial cap-and-trade system and resist the federal backstop, essentially opposing carbon pricing in all forms. Though he hasn’t provided details, the premier-designate says he will “come down heavy on polluters.” Let’s take his statement seriously. What would a real plan to decarbonize Ontario look like—without a price on […]

Doug Ford victory speech after Ontario election. Ford plans to get rid of Ontario's cap-and-trade (carbon pricing) system (that he refers to as a carbon tax).

Tread Carefully: Ontario’s cap-and-trade system meets a fork in the road

Climate and Energy Pollution

Ontario elected a new government yesterday, and as far as carbon pricing is concerned, change is afoot. The province’s cap-and-trade system is working well, but the incoming Progressive Conservatives have signaled their discontent with the status quo. In this blog, we’ll look at their options—everything from leaving the WCI entirely to changing how auction revenues […]