With climate leadership from the U.S. in doubt, some are suggesting Canada should pull back from its climate strategy. If Canada acts alone, the argument goes, we will impose significant costs to the economy, and do little to cut global emissions. But is it true? Do we really need to wait for the U.S. for […]
Here at the Ecofiscal Commission, our focus on the costs of policy is a bit of a calling card. Yes, we are absolutely interested in the effectiveness of environmental policies (i.e., to what extent do they reduce pollution or environmental damage?) But as a panel of economists, the Commission also cares—quite a lot, actually—about cost-effectiveness […]
North American transportation systems have been shaped by cheap and abundant fossil fuels, and so too have our travel habits. Unlike other sectors of the economy that have viable low-carbon alternatives, fossil fuels are still the dominant fuel source for how we move around. And let’s face it, some people need to drive and don’t […]
Ontario’s cap-and-trade system is now in force and is the focus of much debate. Amidst all of the discussion, there is plenty of rhetoric, hyperbole, and questionable statements. Some of these have grown into large and scary myths which need to be debunked. The first myth is that the cap-and-trade system will significantly raise the […]
Over the holidays, I flew home to Calgary to visit friends and family, enjoy the mountains, and… talk about carbon pricing. I stepped out of my echo chamber and spoke to dozens of Albertans who are, to say the least, unhappy with the new provincial levy. I honestly underestimated just how deep-rooted the opposition is. […]
Climate policy is difficult. Effective negotiations between various governments might be even harder. So, kudos to Canada’s First Ministers for making real progress on a seriously difficult issue. As of last Friday, we formally have a pan-Canadian framework on climate policy. Even better, the plan actually comes pretty close to matching the ambition of our […]