There has been a lot of speculation in recent months about exactly how the U.S. Energy Policy Act (EPAct) of 2005 will support new nuclear projects in that country. The EPAct introduced a series of measures—construction delay insurance, loan guarantees, and power production tax credits—designed to underpin a new wave of nuclear construction. As...
Carbon tax
Harper’s Kyoto dilemma, part II
Carbon taxes, emissions trading, outright fines… these are the most prominent suggestions for reducing Canada’s greenhouse gases (GHGs). It is significant that the prominent people advancing them—Stéphane Dion, Michael Ignatieff, Bob Rae—happen to be Liberal leadership hopefuls, out of government. Hence they can afford to bravely propose taxes or trading schemes or fines. If...
“Made in Canada” Kyoto plan takes shape as Quebec initiative lays out political gains
Stephen Harper’s Kyoto dilemma (see my June 18 post) might be transforming into a glorious electoral opportunity, thanks to an initiative coming from the Prime Minister’s favourite province. Quebec Sustainable Development minister Claude Bechard told Broadcast News today he wants federal money to help curtail Quebec’s greenhouse gases (GHGs). This follows last week’s announcement...
Harper and Kyoto: emissions trading in Canada?
In my May 19 post I harped on about the Emission Trading Scheme (ETS) in Europe. What does that have to do with Canada? The ETS covers companies roughly similar to what we in Canada call the Large Final Emitters (LFEs). With much prodding from activist Environment ministers in the former Liberal government, federal...
The European emission trading scheme: market volatility teaches some early, hard lessons
There is a lot of flak and confusion surrounding the recent drama over the EU’s emission trading scheme (ETS). The price of carbon permits crashed last week when some market participants suddenly revealed they had more permits than expected. (For the scheme to be effective, permits must be scarce and therefore expensive enough to...
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