Dave Sawyer
@enviroeconomics
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Thinking about carbon policy & environmental economics. Often I crash a bike, wipe out on skis, or hook myself. I don't even endorse my own tweets.
Ottawa, Canada
Joined April 2011
If you’re keeping score, ABs TIER OiC amendment adds investment credits that boost supply & push prices down. It also freezes benchmarks, effectively removing tightening rates. With no tightening + investment credits, the credit price might hit $50 in 2030. MOU, bah.
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Done right, the Alberta-Canada MOU could increase policy certainty. But delivering on that potential requires fixing the market conditions that have led to a price crash. The Institute’s @enviroeconomics and @dalebeugin explain 🔽 https://t.co/RKsIV6GF9W
nationalnewswatch.com
National Newswatch: Canada's most comprehensive site for political news and views.
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One week after the grand bargain… https://t.co/9DKyOlUmAA and
theglobeandmail.com
New rules could limit what names can be used for political parties and remove guardrails for citizen-initiated referendums
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What is echo chamber for 100 Alex:
theglobeandmail.com
Tory Leader’s first public remarks after Chris d’Entremont left the party highlight the ex-Tory MP’s past critiques of the Liberals
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You wouldn't know it from the graph, but Canada's economy is more "dynamic" by this measure lmao. That's right! Entry and exit rates are higher in Canada than the US! https://t.co/E2MQJPKIej
"Business dynamism has collapsed across advanced economies. But the drop has been especially steep in Canada. While business turnover in the U.S. declined by 23 percent since the mid-1980s, Canada’s fell by 38 percent." — @AliciaPlanincic
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I mean, @nationalpost with canola under pressure from Chinese tariffs, why would we want Canadian farmers to benefit from $1.1 billion in Canadian canola-based biofuels sales (2022-23)? Axe the canola taxola has a nice ring to it...
canolacouncil.org
Learn more about the jobs and wages generated by canola, one of Canada’s leading crops. Canola is worth $26.7 billion to our economy.
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Why is the @nationalpost going after Canadian farmers who supply biofuel?
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I mean, @nationalpost with canola under pressure from Chinese tariffs, why would we want Canadian farmers to benefit from $1.1 billion in Canadian canola-based biofuels sales (2022-23)? Axe the canola taxola has a nice ring to it...
canolacouncil.org
Learn more about the jobs and wages generated by canola, one of Canada’s leading crops. Canola is worth $26.7 billion to our economy.
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Why is the @nationalpost going after Canadian farmers who supply biofuel?
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@enviroeconomics Perhaps not so oddly, one of the places industrial heat pumps could greatly improve energy & carbon efficiency, increase saleable product and increase profits is in the oil and gas sector.
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This. Programs to drive industrial heat pumps, improve productivity, spur CDV innovation in globally saleable advanced manufacturing. Global industry needs to decarb and improve efficiency. CDN can deploy at home, innovate, trade, and decarb along the way.
A new study finds that replacing thousands of industrial boilers with heat pumps nationwide could save Americans $1.1 trillion in public health costs and reduce carbon emissions by 1.6 billion metric tons through 2050. https://t.co/3mxXWnhTa4
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Supply constraints meet demand destruction…
US Sec of State Marco Rubio : Effective immediately we are pausing all issuance of worker visas for commercial truck drivers. The increasing number of foreign drivers operating large tractor-trailer trucks on U.S. roads is endangering American lives and undercutting the
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The +10% ELEC cost would still be cheaper than dirty, expensive, smelly, and hazardous tank of distillate in the basement. With heat waves, many islanders can flip on cooling. Better outcome than $460 of LFO sitting idle in the tank when it’s 32dC outside.
It’s happening.,. PEI utility says it has an “urgent need” to build more fossil fuel-based generating capacity to address the widespread switching from oil furnaces to heat pumps. The initial cost of new generation would push up electricity rates by 10%. https://t.co/6w29PfGPls
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Big number, big. And a minimum, when one considers the long range impact of the smoke on human health, in say Ontario.
The historic wildfires that ripped through Quebec in 2023, destroying millions of hectares of forest and impacting thousands of people, is estimated to have cost over $8 billion.
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No base to compare %. The CoBC realistic scenario is worst case; 2030 curtailment shock is covid deep. Our worst case techno-pessimistic, low EIA oil price has 2030 GDP growth down 1.96 to 1.82% - in the range of ECCC and CER. About $12.6B, or equal to the new value from TMX.
@enviroeconomics Check out Table 6.
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And hey @ConfBoardofCda, you need a better approach to model post-2030 impacts. Your current model is not fit for purpose. No boardroom would curtail oil @ close to $800 per tonne with cheaper options available: CCUS, DAC, SMRs, solvents, sodium-ion batteries. Happy to chat.
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Looking to 2050, the cumulative $1 trillion ($920B actually) real GDP hit is not discounted. Standard practice is to discount total cost streams, which would roughly halve the estimate. Real GDP removes inflation but does not account for the time preference of money.
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And the cumulative AB impact is 78% of all national GDP costs, which is not intuitive given the broad sectoral coverage of the ERP.
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A conservative government forest policy.
Some people are having emotional reactions to Nova Scotia forestry policy.
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