A recent paper by Ackerman and Stanton did some re-estimates of the Social Cost of Carbon, finding this measure of the externality (or costs imposed on third parties) from burning fossil fuels could be as high as $893 per tonne of CO2, rising to $1,500 per tonne by 2050. These are extreme estimates, but they are calculated using a conservative […]
Read moreOur climate justice framework for BC is to eliminate fossil fuels by 2040. In the household sector, this poses a significant challenge, not so much in terms of technology and knowledge, but because natural gas is much cheaper than electricity per unit of energy. Even though BC has among the lowest prices in North America, and for relatively clean electricity […]
Read moreI was in the budget lock-up in Ottawa back in 2009, when the feds announced a home renovation tax credit as part of the stimulus package, and one of my first thoughts was “kitchen reno”. Months later we had a nice kitchen upgrade to enjoy as our contribution to getting the Canadian economy back on track. I’m basically the marginal […]
Read moreBesides the carbon tax, one of the most important BC government climate action initiatives has been the adoption of Carbon Neutral Government. That is, count emissions from public buildings and travel, reduce them as much as possible and pay for carbon offsets to negate the rest. As of the 2010 calendar year, the BC government announced mission accomplished, at the […]
Read moreDown south, the Obama administration is in a dangerous game of chicken with Republican congressional leaders, who are cynically holding the US economy hostage in order to impose a radical agenda of spending cuts. Obama has seemingly bought into the rhetoric of cutting debt, rather than focusing on the real US problem of unemployment. Yet, even his foolish offer to […]
Read moreAny day now the BC government should be releasing the latest greenhouse gas data for the province, and we will see if any progress is being made towards a legislated 33% reduction in emissions by 2020 (relative to 2007 levels; data will be for 2009 and we know that emissions rose in 2008). Below the radar, however, and not counted […]
Read moreWith much of the talk on taxes in BC about the HST, we issued a new report today that looks at the bigger context for BC’s tax system (Vancouver Sun oped here, CTV News story here). Iglika Ivanova, Seth Klein and I compare and contrast BC’s tax system after a decade where tax cuts were touted as the solution to […]
Read moreBC Stats put out a release yesterday with the headline “Low Income Cut-Offs (LICOs) are a Poor Measure of Poverty” and author Dan Schrier gets in a dirty hit right in first paragraph: Despite protestations from Statistics Canada that LICOs are not meant to be used as a measure of poverty, there are many groups that insist on using them […]
Read moreAfter at 2010 that was one of the warmest years on record, 2011 has shown us astonishing patterns of extreme weather worldwide. It would take a long time to make the full list, but you know what I mean: tornadoes, floods, drought, record cold in some parts, record heat in others, hailstorms (Al Gore does a pretty good summary of […]
Read moreA story in today’s Vancouver Sun is disturbing, arguing that BC could make $1 billion from selling carbon offsets once the Western Climate Initiative gets underway. The projects are mostly in forest management and conservation, meaning less cutting and more sequestration of carbon in the forests themselves. The conservation part is undoubtedly a good thing — we need to manage […]
Read moreJust in time for Earth Day, CCPA has a new release from the Climate Justice Project, Transportation Transformation: Building Complete Communities and a Zero-Emission Transportation System in BC. The report is perhaps the most visionary of our CJP publications to date (and has lots of great graphics to illustrate that vision), a necessity given that 40% of BC’s greenhouse gas […]
Read moreBook Review of Humanizing the Economy: Cooperatives in the Age of Capital, by John Restakis, New Society Publishers, 2010. The economy is about business, right? Sure, we have a dynamic mixed economy, and most people support decent social programs and government intervention to protect the environment or to improve living conditions for the poorest. In fact, the countries who have […]
Read moreIn response to some recent PEF commentary (now in the mainstream media thanks to today’s Globe article) on corporations in Canada hoarding cash (after-tax profits greater than new investment), PEF member Eric Pineault weighs in with some more detailed analysis: The great corporate cash stash Eric Pineault As we debate the merits and uses of a corporate tax cut, corporations […]
Read moreFirst of all, today’s top Globe story on corporate income tax cuts not leading to increased investment is a nice example of “you heard it here first”, so a big pat on the back to Relentlessly Progressive Economics. As we like to say: tomorrow’s conventional wisdom, today. I want to take issue with Stephen Gordon’s response, an effort to torture […]
Read moreCanada’s economic context at the time of Election 2011 is one of “precarious recovery”, and overall demand conditions are weakened by a few major factors. Unemployment is still just under 8%, which is good compared to the double-digit unemployment of the early 1990s, but not great compared to the expansions of the late 1990s and 2000s. Too much of the […]
Read moreI did my taxes yesterday and once again was surprised to see how low my family’s income taxes have gone. In 2010, my wife and I paid a combined 13.7% of our income in federal and provincial income tax. Canadian modesty does not permit me to disclose the exact amount of income, but it was under six figures, and about […]
Read moreIglika reported to me that Kevin Milligan made the argument in favour of the HST that its presence was economically beneficial because it induces additional investment on the margin, as projects that previously did not meet a certain profit threshold would become real investments. This is a net gain (forget about who benefits from those investments) even if the vast […]
Read moreBelow is an oped on my new carbon pricing paper that was published today in the Vancouver Sun. Our communications officers have also done a cool animation about carbon pricing in BC, available on the CCPA web page. Look to Europe for Next Phase of BC’s Carbon Tax When it comes to good urban planning, transportation and taking action on […]
Read moreClimate change is upon us – it feels like we see evidence almost daily in the form of extreme weather events, floods, drought, reductions in food supply, and so on. We have a lot of work to do to transform our economy from one still dominated by a resource extraction mindset, where we cut taxes and regulations in the hopes […]
Read moreIt has been fascinating to watch the growing public reaction to the full-court press from Canada’s Big Pipe companies (aka, the telcos and cablecos) for usage-based billing (internet metering). The CRTC has played a corporatist role that has largely been compliant with the demands of industry. Even in the midst of the turning political tide, the CRTC seems more interested […]
Read moreThere is a lot of talk on this blog and elsewhere about how best to get the economy going again, but it seems that the environment is missing in action from the debate. At best, climate change is a concern mentioned in passing, only to move on to the real action of boosting GDP growth rates and employment (will corporate […]
Read moreI do a lot of reading and writing as part of my job. But though I work for a research policy institute, I find I have little need for academic journals, and if anything, academic journals have made themselves less and less relevant over time. It used to be the case that academic journals represented essential sources of literature if […]
Read moreIn my head I play out a narrative of salvation from the climate crisis: it’s like we are at the point in the movie when the heroes are incarcerated, the villains are running amok, and hope seems lost. Our job is to write the rest of the story, the arc that leaves us with a happy ending of a sustainable […]
Read moreThe Weyburn, Saskatchewan carbon capture and storage (CCS) project has sprung big leaks, and with it the argument that CCS can make dirty fossil fuels clean. The core idea behind CCS is taking CO2 emissions and piping them back underground where they are supposed to stay, forever. In the case of Weyburn, the CO2 comes from a coal plant across […]
Read moreIf anything economists are known for doing too much math. Economics journals are nothing but lengthy tracts of calculus and linear algebra or else econometric regression tables and tests. The Economist, on the other hand, sets itself up as the voice of economics on world policy matters. I’ve never been a huge fan. I appreciate the broad coverage they provide […]
Read moreWith a government as centrally controlled as our federal government, one has to wonder why the media make such a fuss covering cabinet shuffles. Peter Kent may be the new Environment Minister, but the message box is still from the Prime Minister’s Office. So it was not much surprise to see our new Environment Minister touting the same old lines […]
Read moreI’ve long thought that we should lower the voting age to 16, so thanks to Mike deJong for raising it in the BC Liberal leadership campaign. I speak from some experience, as I voted shortly after I turned 17 in the Ontario provincial election. I was a frosh in residence at Western and no one called me on it so […]
Read moreMartin Khor, of the South Centre, has done an interesting analysis for the (doomed) Cancun negotiations on climate change. The talks have broken down on north-south lines, with southern countries wanting to keep the Kyoto framework that puts the onus on northern (advanced, industrialized) countries to reduce emissions and give carbon space to southern countries carbon to develop their economies. […]
Read moreFor many years now, the year 2010 had an almost mythic quality to it. More than just a decade-ending round number (we never collectively named that decade; I like “the naughties” myself), it had deep meaning for BC because THEY WERE COMING. The Olympics. Vancouver 2010. In the early days, utopian olympianism ruled the province. For some, hosting the games […]
Read moreBack in May when Greece was in the process of getting its “bailout” I kept wondering why it had to be that Greece would accept such harsh conditions when it held an ace up its sleeve. The proposed package of austerity, which would make the economy worse, was only an issue as long as Greece felt it needed to stay […]
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