Simulating how carbon markets work in the wild
For about a year, I’ve been building a Python-based simulation model that mirrors how large-emitter trading systems behave in the wild. These industrial carbon pricing systems look somewhat uniform on paper but operate very differently once you dig into the design details. Each province runs its own version, with distinct compliance obligations, offset rules, and limits on what counts toward compliance. At first glance, the $170 carbon price looks like the great equalizer. Bu
La nature dans le bilan fédéral : il est temps de procéder à une réforme biobudgétaire
La réforme des subventions est l’une des mesures les plus simples et les plus claires que le Canada peut prendre pour tenir ses...
Nature on the federal balance sheet: it’s time for bio-fiscal reform
Reforming subsidies is one of the simplest, clearest ways Canada can back up its promises on nature and keep an eye on Canada’s fiscal...
Driving the economy while reducing emissions: Tesla’s impact in Canada
Tesla asked EnviroEconomics to assess the economic impact of their Canadian operations and spending, as well as the emission reductions...
Topping Up: A GHG Assessment of CAPPs’ Energy Platform for Canada
Environmental Defence asked us to quantify the GHG implications of the Energy Platform of the Canadian Association of Petroleum...
A wonk’s thread: An Emission and Cost Assessment of “A Real Plan to Protect Our Environment”
Adopting a tweet style, here goes: Our assessment answers 3 questions (paper is here): What are the GHG reductions & costs? 9.1Mt more...
The Cost Implications of Ontario’s Environment Plan to Reduce Greenhouse Gas Emissions
We assess the economic costs of the greenhouse gas (GHG) mitigation measures contained in the Made-in-Ontario Environment Plan (Plan) and...
Federal Carbon Price Impacts on Households in Alberta, Saskatchewan and Ontario
In this paper (here) supported by Canadians for Clean Prosperity, we explore the cost impacts of the federal carbon pricing backstop on...
A Note on the Implications of the Federal GHG Backstop on Saskatchewan
We look at the recent Saskatchewan modelling (IEESC) of the federal backstop policy and the results reported by the Saskatchewan...
The Decarbonized Electrification Pathway: Output-Based Pricing in Canada’s Electricity Sector
In this paper (here) sponsored by the Canadian Council on Renewable Energy, Noel and I look at output-based pricing scenarios for...
