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The Progressive Economics Forum

Are Canadian investors headed for a carbon cliff?

An oped based on my and Brock Ellis’ recent report, Canada’s Carbon Liabilities, was published in iPolitics (alas, behind a pay wall): Canada’s economic development model is on a collision course with the urgent need for global climate action. Worldwide, extreme weather events from drought to floods to powerful storms and record-breaking temperatures are making [...]

Climate justice and the political moment in BC

The following is based on a talk at the Bring Your Boomers election forum on April 3 at the Rio Theatre in Vancouver, the fourth in a series of intergenerational dialogues from Gen Why Media, and was co-sponsored by the CCPA, Get Your Vote On, LeadNow and Vancity credit union. I was asked to set the stage for a conversation on climate justice between [...]

Absolving our Carbon Sins: the Case of the Pacific Carbon Trust

Last week’s report from BC’s Auditor General dealt a huge blow to the credibility of carbon offsets and claims that BC had achieved a state of “carbon neutral government.” Coverage of the AG’s report was coloured by accusations from the Pacific Carbon Trust, the Crown corporation created to buy and sell BC offsets, and “experts” from the offset [...]

Closing the Loop: Zero Waste, GHG Emissions and Green Jobs in BC

Below is the summary for our latest Climate Justice Project report, Closing the Loop: Reducing Greenhouse Gas Emissions and Creating Green Jobs through Zero Waste in BC (I recommend checking the much prettier full paper, stand-alone summary, and awesome infographic by Sam Bradd on the website). Closing the Loop was a complex and challenging project that made my head spin, [...]

Carbon bubbles and fossil fuel divestment

Divestment from fossil fuels is an idea whose time has come. Sparked by Bill McKibben’s Rolling Stone article last summer, “Global Warming’s Terrifying New Math”, divestment campaigns are now up and running on over 300 university campuses in the US, with 4 early victories already notched. Students in Canada have declared tomorrow (March 27) Fossil Fools Day, a national day [...]

Budget 2013: Time for a real action plan, not another ad campaign

It’s hard to get excited about Thursday’s federal budget. All signs point to an “austerity” budget, even though that approach has failed so spectacularly wherever it has been tried. Austerity is one of those zombie ideas that cannot be killed, roaming rampantly across the pages and screens of the mainstream media. The 2012 federal budget [...]

Tales from the Mouth of the Fraser: Climate Change Denial Edition

Some colleagues at the US NGO Global Exchange tipped me off to some sneaky data doctoring done by the Fraser Institute on climate change. The source is Understanding Climate Change: Lesson Plans for the Classroom, a resource for high school teachers. The particular graph is on page 69 (first page if you click on Lesson 5), [...]

The dubious case for casinos

I got way off my usual research agenda this morning for a business panel on CBC radio. The topic was the economics of casinos, the result of the City of Surrey voting down a new casino proposal. I have often disparagingly compared stock markets to casinos, but in fact I knew relatively little about the [...]

Marc’s Enbridge Testimony

Testimony to the Joint Review Panel on the Enbridge Northern Gateway Project By Marc Lee, Canadian Centre for Policy Alternatives January 16, 2013 My name is Marc Lee, and I have served as an economist for the Canadian Centre for Policy Alternatives for more than 14 years. Most recently I have been Senior Economist and [...]

What’s next for BC’s carbon tax?

An oped of mine was published by the Vancouver Sun today: What’s next for BC’s carbon tax? Marc Lee Climate change forced its way onto the political agenda in 2012, as Hurricane Sandy ripped through the northeast United Stages just days before the election. And while action remains frustratingly slow, extreme weather disasters in the [...]

Marc’s Letter from 2040

The following comes from a short talk on a vision for a zero-carbon BC that I gave at a couple events this Fall. Many have asked for the text so I’ve posted it here, and we may try and turn it into a video. That said, I have been reluctant to do so up to [...]

State of the BC Economy

As we close out 2012, BC finds itself in some precarious economic waters. To recap, a massive housing bubble that built up through the naughties (2000s) finally burst in 2008, feeding a financial crisis, as extremely loose (some would say fraudulent) lending practices pushed housing prices up to spectacular, never-seen-before levels, and created a plague [...]

Mark Carney’s tenure and the state of monetary policy

Mark Carney’s tenure as Governor of the Bank of Canada overlaps some challenging economy history. Appointed in early 2008 just as the US housing bubble was popping, Carney took the helm in time for a financial crisis that brought the global economy to its knees. We are still living that history in terms of a [...]

Fiscal Cliff Notes

The US federal budget is back in the spotlight now that the election is over. In one sense, not much has changed in that the Republicans continue to hold the House, the Democrats the Senate and White House. But what we are now witnessing is the culmination of budget deals going back to the first [...]

Will Frankenstorm put climate change back on the political radar?

In recent years the world has experienced a sequence of climate-change-related disasters. Hurricane Sandy comes on top of massive drought through the summer that has led to 40% loss of American corn and other grain crops, raging wildfires in the southeast US, tornados and derechos, etc – and that is just the US. Check out [...]

BC’s Natural Gas Strategy nothing more than a fairy tale

I have an oped in Saturday’s Vancouver Sun. The editor wanted me to focus on the claims of economic gains for BC, so the piece ended up being a complementary piece to the Behind the Numbers report on GHG emissions and the Natural Gas Strategy. The title was his choice not my own, but I like [...]

Is BC breaking its GHG law by pursuing natural gas development?

Today CCPA’s Climate Justice Project released a new report by yours truly, BC’s Legislated Greenhouse Gas Targets vs Natural Gas Development: The Good, The Bad and the Ugly. It was just five years ago that BC brought in the Greenhouse Gas Reduction Targets Act, a signal that BC was serious about climate action. The Act calls for a 33% [...]

What’s Next for BC’s Carbon Tax?

The Minister leading up BC’s Carbon Tax Review, Kevin Falcon, may be gone – his departure came just as the deadline for submissions was closing – but the carbon tax lives on. For now. Back in 2008 when the carbon tax was announced, it was scheduled to rise from an initial level of $10 per [...]

Canada’s Emissions Deception

The federal government released an updated Canada’s Emission Trends 2012 report today. In a remarkable shift in federal rhetoric just this past week, the Harperites now appear to be more sensitive to concerns about the Enbridge pipeline and climate change more generally. But appearances can be deceiving and there is good reason to believe the current [...]

Clean electricity, conservation and a zero-carbon future

Today we released a new Climate Justice Project report, Clean Electricity, Conservation and Climate Justice in BC: Meeting our energy needs in a zero-carbon future, co-authored by John Calvert and myself. The report is central to the vision we have been developing of a zero-carbon BC, with a focus on the need to transition off [...]

A Green Industrial Revolution

Today the CCPA released a new big picture report by myself and student researcher Amanda Card calling for a Green Industrial Revolution. The report builds on work done for the BC-focused Climate Justice Project, bringing to bear a national analysis of green and not-so-green jobs. We take a close look at GHG emissions and employment [...]

Climate change will shape BC in 2035, one way or another

I have an oped in today’s Vancouver Sun as part of its BC in 2035 series. Climate change will shape BC in 2035, one way or another We live on a different planet from the one our parents grew up on, says environmentalist Bill McKibben. Climate change from our rampant combustion of fossil fuels has [...]

A budget that screws the planet for short-term profits

First off, the 2012 federal budget makes no upfront claim to be a budget. Indeed, the cover states only “Economic Action Plan 2012: Jobs, Growth and Long-Term Prosperity.” While we have been accustomed in recent years to budgets with their own titles, this one does not actually say “Budget” anywhere. This makes it more a [...]

The Parable of the Prius

I was at a talk on dematerialization a few weeks ago, and one of the speakers told “the parable of the Prius” to illustrate Jevon’s paradox that efficiency gains do not necessarily reduce energy consumption (and from a climate perspective, greenhouse gas emissions). In the case of buying a fuel-efficient Prius, one saves a lot [...]

Enbridge Pipe Dreams and Nightmares

CCPA released today a report by yours truly on the economic costs and benefits of the proposed Enbridge Northern Gateway Pipeline. In particular, I take aim at the outrageous claims about jobs made by the feds and Enbridge as part of their sales pitch. The report takes a closer look at the input-output modelling of job impacts, and considers [...]

Mike McCracken: Winner of the 2012 Galbraith Prize in Economics

The Progressive Economics Forum (PEF) is proud to announce that Mike McCracken, Chair and CEO of Informetrica Ltd. in Ottawa, has won the 3rd biennial Galbraith Prize for a lifetime contribution to economics and social justice in Canada. Congratulations, Mike! Mike co-founded Informetrica in 1972, after working at the Economic Council of Canada, where he [...]

Marc’s Conflict of Interest Disclosure

On January 5th, 2012, the American Economics Association adopted new guidelines for the disclosure of potential conflicts of interests by economists. Please find my disclosure information below (thanks to Andrew Leach for turning the AEA guidelines into a template, which I have used as the basis for my own). Employment: I have been employed with the Canadian [...]

Air travel and carbon footprint

A bi-annual vehicle emissions test got me thinking about my personal carbon footprint. A lot broad-brush numbers and calculators exist out there to calculate one’s footprint, but I’ve never found them to be very reliable because they have to generalize across a very heterogeneous population in terms of location, type of dwelling and size, family [...]

Comparing two carbon bombs: LNG plants vs Enbridge pipeline

With the spotlight on the federal government’s aggressive push to export tar sands bitumen via the Enbridge Northern Gateway Pipeline to Kitimat, and from there by tanker on to China, the BC government reclaimed some attention on the energy file when it released its Natural Gas Strategy last week. With lots of glossy pages, but [...]

Odious profits and the Enbridge pipeline

Two obvious but generally unstated details about the Enbridge Northern Gateway Pipeline are climate change and that oil and gas companies stand to make mega-profits. An honest appraisal of the project would be something like, “yes, putting in the pipeline will facilitate even more greenhouse gas emissions from the Alberta oil sands, but our buddies [...]