Report: Pricing carbon key to taking on climate change uspirg.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from uspirg.org Daily Mail and Mail on Sunday newspapers.
Carbon pricing has had broad business support for over a decade. As a market-based mechanism, this is often the private sector’s preferred approach in addressing climate change. Consequently, carbon pricing is a convenient mechanism to measure trade association support for climate change. Support for this mechanism is not a sufficient commitment to climate action alone, and any support that is tied to displacing other tools essential to necessary emissions reductions should be rejected as being inconsistent with support for solving the climate crisis. Still, carbon pricing can be a foundational first step for businesses and the trade associations that represent them.
The Business Roundtable (BRT), a sector-diverse coalition of CEOs, moved first. The group made waves in September 2020 with the public rollout of its principles and policies for addressing climate change. While these principles are not groundbreaking, they represent a good understanding of the policy portfolio needed to address climate change, explicitly endorse a price on carbon and break away from oppositional climate positioning that was common before the results of the 2020 election. This is a notable departure from BRT’s reported neutrality on the Waxman-Markey cap-and-trade proposal and its 2007 stance on climate change, which acknowledged carbon pricing but noted that membership was divided on mandatory mechanisms.
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Sean Kilpatrick/The Canadian Press
On Thursday morning, federal Conservative Leader Erin O’Toole unveiled his party’s climate policy, including a plan to price carbon. Twenty-four hours later, Calgary MP Ron Liepert sat down at home to answer the 20 emails he had already received from unhappy Conservative party members who said Mr. O’Toole reneged on his promise “to repeal Justin Trudeau’s Carbon Tax.”
Electric
E-1 – Electric Transmission Incentives Policy Under Section 219 of the Federal Power Act (Docket No. RM20-10-000). On March 20, 2020, the Commission issued a Notice of Proposed Rulemaking (NOPR) relating to electric transmission incentives policy pursuant to the Federal Power Act (FPA). In the NOPR, the Commission furnished proposed revisions to transmission planning and cost allocation processes following significant developments in the sector, reflecting a potential new focus on reliability and economic benefits rather than the current risks and rewards approach associated with specific projects. Further, the NOPR acknowledged policy shifts in the fifteen years following Order No. 679, which codified an approach to evaluate requests for incentives made by transmission owners and operators, as well as Order No. 1000 and the 2012 Policy Statement on transmission incentives applications. Namely, the NOPR proposed to: offer public utilities an return on equity (ROE) incenti