If you are an emitter you have to comply with industrial carbon pricing by either paying the $95 price to the govt, physically reducing your emissions to the benchmark, or purchasing credits from someone else who reduced below the benchmark.

The latter only costs $17 now so will be often preferred.

No.

It means they have less incentive to actually reduce emissions and instead just comply by paying $17 per tonne.

Lower effective price = less incentive to physically reduce emissions.

I should have used a “bad” as an example.

Imagine govt charges $95 for a carton of cigarettes. But you can buy same carton on street for $17. Does it really matter if govt says “now my cartons are $105!” if street seller is still selling for $17?

Also govt giving free cartons to street seller…

If the official shoe store is listing shoes for $95 but you can find the same shoe on kijiji for $17, the shoe doesn’t cost $95.

It was a much tighter discount. Eg $40 EPCs against $50 policy price. Now the gap has widened so much they’re basically disconnected.

Oversupply of secondary credits from lax benchmarks and additional policies.

irpp.org/wp-content/u...

Open arms Casey…

Want!

Thanks for the boost, Aaron!

Postdoc 2: Demand Flexibility

Working with Erica Myers and Blake Shaffer

A mix of independent research and also being part of a team implementing multiple field experiments on electricity demand flexibility.

Details and apply here: careers.ucalgary.ca/jobs/1706288...

Postdoc 1: Transmission

Working with Sarah Johnston and Blake Shaffer

A mix of independent research and also being part of an exciting multiyear multi-province and multidisciplinary interprovincial transmission initiative!

Details and apply here: careers.ucalgary.ca/jobs/1706289...

Do you have this chart rolled up globally, Robbie? Looks like coal use will be down overall for 2025 based on these big 2 countries?

Legitimizing violence against political opponents, and delegitimizing the opposition more broadly, does not end well for anyone. There are only so many opportunities to push back as a society.