Canada & US Secure An Historic Climate Change Deal

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
83
Here come the dotards.


Ontario, Quebec, and California ink climate-change deal

The most powerful sub-national leader in the world says he, Ontario Premier Kathleen Wynne and Quebec’s Philippe Couillard are “insurgent forces” in the global fight to curb climate change.

California Gov. Jerry Brown, whose state has the world’s sixth-largest economy — larger than that of Canada, France or India — said it does not matter what President Donald Trump or the U.S. Congress does to try to derail efforts to reduce greenhouse gas emissions.

“Whatever anyone else does and whatever Mr. Trump does in Washington, China is on the move with a carbon market,” Brown said in Quebec City as California, Quebec and Ontario signed an agreement to formally link their carbon markets.

“There’s a lot of money on the other side and that’s the status quo. We’re the insurgent forces transforming. That’s where it’s at. In our systems, the sub-national jurisdictions have a power,” he said, noting states and provinces can oversee clean-air standards, building codes, and promote electric vehicles.

As of Jan. 1, Ontario’s emissions cap programs will be integrated with Quebec and California, allowing the three jurisdictions to hold joint carbon auctions and harmonize regulations.

“This is the next step in a long and difficult journey to de-carbonize the economies of the world. We’re de-carbonizing our own economies but then setting in motion the example that will be picked up by other provinces, other states, and other regions around the world,” the governor said.

Wynne noted that although Prime Minister Justin Trudeau’s government is supportive of the current initiative, former prime minister Stephen Harper was not.

“Remember when I and Premier Couillard moved on this and made these decisions, we were living in a country that had a federal government that was not interested in working with us,” the premier said.

“That’s the importance of the sub-nationals,” she said.

“We are now standing here having agreed on creating the largest carbon market in North America. It is an extremely important step. The two largest provinces, the biggest state, working together.”

The Ontario-Quebec-California cap-and-trade alliance puts a price on carbon.

Under the system, businesses have greenhouse gas emission limits — or caps — and those who pollute less can sell or trade credits.

This should create an economic incentive to reduce emissions and, in time, an industry’s overall cap will be lowered to cut pollution.


https://www.thestar.com/news/queens...c-and-california-ink-climate-change-deal.html
 
Last edited:

DaSleeper

Trolling Hypocrites
May 27, 2007
33,676
1,666
113
Northern Ontario,
These 3 jurisdictions are among the highest debtor states/provinces in NorAm.

... Indeed, here come the dotards
You mean the simpletons/simpletards

Oops I forgot

 

petros

The Central Scrutinizer
Nov 21, 2008
117,866
14,426
113
Low Earth Orbit
Did you read up on the carbon exchange tanking?

California's cap and trade carbon auction another big washout | The Sacramento Bee

ARCH 01, 2017 1:17 PM

February’s quarterly auction of carbon dioxide emission allowances under California’s cap and trade program was another financial washout for the state.

Results for last week’s auction were posted Wednesday morning, revealing that just 16.5 percent of the 74.8 million metric tons of emission allowances were sold at the floor price of $13.57 per ton.

The state auctions emission allowances to polluters and speculators as part of its program to reduce greenhouse gases. The proceeds are supposed to be spent on public programs to slow climate change.

February’s auction is being closely watched by market analysts because the last three quarterly auctions in 2016 posted sub-par results.

Almost all of February’s proceeds went either to California’s utilities, who sell allowances they receive free from the Air Resources Board, or the Canadian province of Quebec, which offers emission allowances through California. Both are first in line when auction proceeds are apportioned.

The ARB was offering 43.7 million tons of state-owned emission allowances, but sold just 602,340 tons of advance 2020 allowances, which means the state will see only $8.2 million, rather than the nearly $600 million it could have received from a sellout.


The paltry auction revenues will likely stall Gov. Jerry Brown’s 2017-18 budget plan to spend $2.2 billion on a variety of climate-related programs and projects, including $800 million on his bullet train project.

Analysts have cited a glut of emission allowances on the market, and political and legal uncertainty over the cap and trade program for weak auction interest. The current program’s legality is being challenged in a lawsuit and expires in 2020. Brown wants it to be reauthorized by a two-thirds legislative vote to remove the legal cloud.

“Today’s anemic auction results demonstrate that the state’s landmark cap and trade program is in need of reform and the kind of market certainty that only the Legislature and governor can provide via statute,” Senate President Pro Tem Kevin de León said in a statement. “We need a program that both reduces pollution and provides stable funding to clean up climate emissions.”

Dan Walters: 916-321-1195, @WaltersBee
 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
83
Key facts:

-began January 1, 2017

-caps the amount of greenhouse gas emissions Ontario’s homes and businesses can emit, and lowers that limit over time

-will cost the average Ontario household about $13 more per month to fuel a car and heat a home in 2017

-proceeds from cap and trade will be invested into projects to help families lower their energy costs and save money

-first auction was March 22, 2017

-auction results were posted April 3, 2017

https://www.ontario.ca/page/cap-and-trade-ontario
 

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
3 and 4 seem to be counter productive really.
Why not shuffle the whole energy costs of the Province onto the shoulders of industry and filter the expense back into the products they produce and the consumer that uses a lot of products pays more that the welfare clowns whose money should just be sent to the places it ends up at anyway.

Social Credit bundled the debt of individuals into one bag an that was paid off over a few decades via a reduced price oil was sold for. That seems like passing the debt onto the children as that is whose pockets the money came out of to repay the debt. The banks got their money and the political party could do no wrong for the next 20 years. That is no wrong at the polls rather than they didn't waste money more than anybody.

Now the taxpayer was debt free the banks were more than happy to loan them money and that is why there was such an economic boom for them as exporting goods to the war torn countries was the reason for the big plants in the first place. The workforce had little to say about what they were manufacturing. The Cold War pumped a lot of money back to the public. A trillion dollar war where not one missile was fired in anger.
Ontario is going green like the rest of the planet so why not jump-start it and they might be able to recover some of the expense. Residential housing would be like letting tenters use your backyard and having it be a successful program using 'tents' donated by the Province. The first contract to build a showpiece that would be sold around the globe because it works and doesn't fall apart when the warranty runs out.
Conversion kits to replace gas engines might be a small industry as it would be from lawnmowers to the faster grocery getters. The Province could build it's own electric engine as test it using the public by giving it away in the form of an electric scooter that fits current guidelines where no driving permits are required and no public insurance is needed. Cops would have a device that could disable said scooter should the officer wish to chat with the rider.
A kit could be made for existing bikes. That would require a business that supplies the wire needed to build all the coils needed.for many different e-engines.

to pay down debt (presumably)
Nope, not part of the plan. Spend a lot of actual money on worthless projects and raise taxes at the same time. The transition to green energy should take place in 2118 and we take 100 years to wean ourselves off of oil as the main ingredient of industry.
A barrel of oil creates how many products compared to a field of wind turbines?? That would mean we need a replacement for those products and I'm thinking hemp would do that and more once it is designated a national resource that is green, very green.
 

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
$13.57 a ton.

Worthless!
We could survive it without breaking a sweat. If that amount was adopted by the UN it would mean all the 3rd world countries of today would not be able to pay a carbon tax so their fate would be to live without the benefits of electricity while we get to gobble up even more items that add carbon to the air.

When do people in cold climates get a basic carbon credit that allows people to survive what would be killing temperatures by burning things that create CO2. We can shut down industry, we cannot eliminate wild fires so it is wasted energy. If it is a dying industry then when it is shut down there should be no raw material left to contaminate the landscape. The public saves a few 100B during the changeover and no garbage pits are left behind.