Originally posted in the Globe and Mail. Here’s the hard reality: The world will not be able to keep warming below 1.5 C, despite the significant progress at the COP28 climate conference, where countries explicitly called for a transition away from fossil fuels, among other significant measures. I don’t make this claim lightly. Missing the 1.5
The Canada Growth Fund’s first carbon offtake agreement should be a stepping stone towards a broader contract for difference program
Pillars of Decarbonization, the second report from Clean Prosperity’s Net-Zero Pathways for Canada project, examines common findings across models of five distinct futures for Canada’s energy system, all of which lead to net-zero greenhouse gas emissions by 2050.
Clean Prosperity Director of Policy and Strategy Brendan Frank made the following statement about the federal government’s 2023 Progress Report on the 2030 Emissions Reduction Plan (ERP), released today: “The progress report on the federal government’s 2030 Emissions Reduction Plan is an important accountability tool to ensure that we’re making progress in decarbonizing the Canadian
Clean Prosperity Western Director Adam Sweet made the following statement about the federal government’s new emissions cap for the Canadian oil and gas sector, announced today: “The federal government’s decision to implement a cap-and-trade system solely for Canada’s oil and gas industry is the wrong policy. This approach creates uncertainty and regulatory complexity that risks
"Today’s announcement is an important step for stimulating Canadian low-carbon economic growth, and for climate action," said Clean Prosperity Executive Director Michael Bernstein.
Clean Prosperity welcomes one of two changes to Canada's carbon pricing policy announced yesterday by the federal government, and has concerns about the other.
New economic modelling shows how to close incentive gaps with the US.
Done poorly, contracts for difference could exacerbate tensions between federal and provincial / territorial governments around carbon pricing.
The government should conditionally purchase carbon credits in order to address the root imbalance between supply and demand.
Carbon contracts for difference can make carbon pricing work better.
Gaps remain in incentives for technologies from carbon capture to hydrogen, with electricity a notable exception
