• Finally, through another example we illustrate the importance of international carbon markets in reducing the cost of transforming to a low carbon society and, in particular, allowing time for the optimal replacement of the existing capital stock. [...] of coal-generated electricity and the development more renewable energy, 2) implementation of a Sectors that are not covered by the cap and trade new carbon price on greenhouse gas emissions, policy can participate through the offsets system, 3) a legislated limit on oilsands emissions, and subject to the provincial government developing a 4) implementation of a new methane emissions quantificatio. [...] The Province announced in April However, the electricity generation sector will be 2015 that it will implement a cap and trade policy in spared from a decreasing cap due to the conjunction with Quebec and California beginning in cut to emissions resulting from the elimination of coal- January 2017. [...] Provinces would need to allow trading of Manitoba) participating with California in the carbon allocations (in the case of cap and trade) Western Climate Initiative is gaining access to or offsets (in the case of a carbon tax) from other lower-cost emissions reductions in the US. [...] To square the circle, explored the possibility that the federal government our political leaders will need a sense of common could act as a ‘systems integrator’, connecting purpose and the ingenuity for which Canadian provincial carbon tax and cap and trade policies and federalism is rightly famous.
- Pages
- 12
- Published in
- Canada
