“No jurisdiction in Canada has implemented the academically-ideal carbon tax that is revenue neutral, replaces regulations, is based on a properly deflated social cost of carbon, or eschews governmental dictates in energy markets.”
“The belief that governments will not adapt the ‘textbook’ carbon tax (which is revenue neutral, offsets regulations, and does not intervene in energy markets or technology selection) is not skepticism or cynicism—it’s historic fact.”
The Internet is abuzz over a report by the Parliamentary Budget Office (PBO) that shines some light on the potential impact of the federal carbon tax plan on Canada’s economy.
Specifically, the report shows that the carbon price the federal government is mandating all provinces to impose on businesses and residents in the years ahead could create substantial headwinds for the Canadian economy.
For example, under one set of assumptions in the PBO analysis, where the provincial governments simply rebate all carbon price revenue, provincial cooperation with the federal floor would reduce the size of the Canadian economy to the tune of 0.5 percent in 2020.…
Continue Reading[Editor Note: Today, Moynihan Prize winner John Holdren will give a public lecture in Washington, DC at the Willard Intercontinental (1401 Pennsylvania Avenue) at 4:00 pm eastern. What might he say about I = PAT and his fishing hobby?]
He loves to fish. His is a motor boat, not a kayak, a row boat, or canoe. AND he has employed his very own electronic fish finder.
As such, he violates all three independent variables of his own I = P A T equation! But then like most others in the Malthusian intelligensia, and a few others like Al Gore and Leonardo DiCaprio, the equation just does not apply to him.
His name is John Paul Holdren, Obama’s eight-year science advisor, Harvard Professor of Environmental Policy, MacArthur genius (one of the first), and overall “powerhouse.”…
Continue Reading“The amount of electricity actually produced from the huge investment in wind power is not only very small, it is unreliable and may not be available to meet peak power demand during hot (still) summer days. And during winter storms, wind power may fall off because the winds are too strong.”
“AWEA should be ashamed of itself for bragging about the increase in installed wind capacity and leaving the rest of the story untold. But in the crony world of wind energy, image and half-truths are everything.”
The American Wind Energy Association (AWEA) is constantly bragging about increases in installed wind capacity.
AWEA has made statements such as the following from its 2016 annual report: ““Wind power delivered 30% of all new capacity installed over the past five years.” Accompanied by this chart:
Such claims, however, are very misleading.