The 13 individual provinces, several of which take exception to the PM's dictatorial approach, will have a choice in how they implement the pricing by imposing a carbon tax or adopting a cap-and-trade system. Some provinces have already imposed a carbon tax, while others have joined a fledgling continental cap-and-trade system with California.
Canada accounts for less than 2 pct of global emissions and the country's carbon emissions linked to global warming have stabilized at just over 700 million tpy --
208 million tonnes short of the Prime Minister's Paris commitment to cut emissions by 30 pct compared with 2005 levels, by 2030. (Source: Business Times, Various Other Media, 4 Oct., 2016)
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In all of the challenges, the utilities are seeking to invalidate the new state rule that requires utilities and large polluters to gradually slash greenhouse gas emissions. The state Ecology Department claims that it is acting well within its statutory authority to advance legitimate environmental goals.
The rules limit greenhouse gas emissions from about 65 large sources, such as factories, power plants, landfills and refineries. Many of those businesses must reduce their emissions by an average of 1.7 pct per year starting in 2017. Companies that cannot reduce their emissions sufficiently must buy greenhouse gas offsets to meet their obligations.
The plaintiffs are asking the courts to invalidate the rule, but have not asked for a legal stay or restraining order to prevent the carbon limit from taking effect as scheduled on October 17. A (Source: Washington Ecology Department, K5 News, OPB, Northwest News , 30 Sept., 2016)Contact: Washington Ecology Department, www.ecy.wa.gov; Puget Sound Energy, Kimberly Harris, President & CEO, (425) 454-2000, www.pse.com; Avista Utilities, Heather Rosentrater, VP, www.avistautilities.com
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The report, which analyzed 41 OECD countries responsible for some 80 pct of global CO2 emissions, found a major gap between current carbon pricing policies and what should be the minimum estimated cost for carbon given its climate impact.
The report suggests a €30 per metric ton price on carbon and adds that raising the cost of carbon can be accomplished through taxes and emissions trading (cap-and-trade) schemes.
(Source: OCED, ThinkProgress, 26 Sept., 2016)Contact: Organization for Economic Cooperation and Development, www.oecd.org
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