I tried to find out details about the NDP's cap and trade plan from www.ndp.ca today, but all that site did was refer to Bill C-377. I read though Bill C-377 and all it seems to require is setting emissions targets, including long, medium and short term (5 year) targets (good in my opinion), and gives the government the authority to regulate emissions. But that's all. What about the details? Am I missing a document that somebody can point me to?
www.ndp.ca says that the "projected" price for credits when they are auctioned off will be more than $35/tonne. I'd be interested in how they get that figure. How certain can you be of it? If you are planning to spend the auction proceeds on new government 'green' programs, what's your budget?
Will the different provinces be upset and want to interfere (a very big political headache) because the auction process will be sending hundreds of millions of dollars from Alberta (where almost all electricity is generated from coal and other fossil fuels plus they have the oil sands projects) to, say, Quebec (where almost all electricity is generated from Hydro)?
Wednesday, May 28, 2008
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I don't have all the detail but I think the most important part of the plan is written up in the news release about the announcement which is up on the NDP website:
"The NDP plan sets absolute caps on major industrial emitters, which account for 50% of Canada’s greenhouse gas emissions. These emitters would be required to purchase emissions credits at market-based prices. In year one alone, with carbon prices projected to exceed $35 per ton, auctioning credits would generate at least $2.5-billion. All of these funds would be invested in developing green technologies and making them affordable for the average consumer."
I hope that answers some of your questions. Those interested can find out about other aspects of the NDP Green Agenda (www.ndp.ca/greenagenda).
Thanks jaybird. I was looking for more detail though - specifically my two questions in the original post which are not addressed in what has been released so far.
"Balancing Our Carbon Budget" from the Liberals last spring does, for example, explicitly address the question of how to prevent large transfers of money between provinces.
I'm sure some more details from the NDP plan will get released as time goes on. I'll be interested to understand their thinking.
Hey, did you ever get a good source for the NDP cap and trade plan? I'm working on a paper that contrasts the Liberal & NDP plans. Unfortunately, I'm running into the same problem as you and only getting surface info on the NDP plan.... I'm also having trouble finding details about the Liberal plan now that they lost the election (it's been removed from their site). Any ideas?
Hi Patrick,
No, I never got any details about the NDP plan even though I asked for them. I do, however, have a copy of the Liberal Party's Green Shift and also their Balancing Our Carbon Budget white paper.
Please introduce yourself and send me an email at
tedhsu7575 at yahoo dot com
and I'll forward them to you.
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