1. Carbon pricing.
This will get all the attention today, and understandably given the CPC has made it their mantra to oppose carbon prices on households. So it's good they've relented, but the details matter here. And the details make this largely a gimmick...
This will get all the attention today, and understandably given the CPC has made it their mantra to oppose carbon prices on households. So it's good they've relented, but the details matter here. And the details make this largely a gimmick...
Every $ spent will be returned to your personal account. Think of it like swiping a Carbon Miles™️ card at the pump. So all those critiques of the Lib rebates ("why have a tax if you just get your money back") are actually valid here! The catch is your spending is restricted...
But if the green categories are wide enough, or include items you were going to spend anyway, there is literally zero incentive created by this Carbon Miles gimmick. It's carbon pricing in name only, not as intended. It may trick some 905 voters though.
2. Large emitter pricing
Plan to keep it in place, charging a carbon price on large emitters above baselines of emissions. But instead of rising to $170/t, they plan to link the price to the EU's cap and trade price. That's currently trading for 50 euro in 2030.
Plan to keep it in place, charging a carbon price on large emitters above baselines of emissions. But instead of rising to $170/t, they plan to link the price to the EU's cap and trade price. That's currently trading for 50 euro in 2030.
They also plan to include Border Carbon Adjustments - essentially taxing importers without comparable carbon prices. This is sensible policy, already in discussions now. Heavy emphasis on China as a target for the BCAs in this document.
3. Low Carbon Fuel Standard
This is surprising. After calling the LCFS the sneak attack carbon tax, they seem to be endorsing it.
This is surprising. After calling the LCFS the sneak attack carbon tax, they seem to be endorsing it.
4. Targeted spending.
Here's where the CPC goes back to its bread and butter. Not small govt, but targeted spending on its climate faves: CCUS and Nukes.
Agree or disagree, but at least they're consistent. Not Biden style dollars, but a few billion being invested in these.
Here's where the CPC goes back to its bread and butter. Not small govt, but targeted spending on its climate faves: CCUS and Nukes.
Agree or disagree, but at least they're consistent. Not Biden style dollars, but a few billion being invested in these.
5. LNG
Predictably, LNG exports feature prominently in this plan. I see this as a very short lived opportunity, if at all. Not something to be a large part of any climate plan.
Predictably, LNG exports feature prominently in this plan. I see this as a very short lived opportunity, if at all. Not something to be a large part of any climate plan.
6. Other stuff
There's lots on smart grids and transmission. Music to my ears. There's talk of taxing frequent flyers, luxury cars, and 2nd homes. Not what i'd expect from the CPC, but hey, what day is it anyway? Also the usual clean buildings stuff, nature-based solutions, etc
There's lots on smart grids and transmission. Music to my ears. There's talk of taxing frequent flyers, luxury cars, and 2nd homes. Not what i'd expect from the CPC, but hey, what day is it anyway? Also the usual clean buildings stuff, nature-based solutions, etc
Overall:
The carbon pricing stuff will get all the attention but it's largely a gimmick. May trick some climate-leaning 905 voters. There's some typical CPC favourites in here, but also lots of good stuff too. Will say it's a *big* improvement over Scheer's plan (though low bar)
The carbon pricing stuff will get all the attention but it's largely a gimmick. May trick some climate-leaning 905 voters. There's some typical CPC favourites in here, but also lots of good stuff too. Will say it's a *big* improvement over Scheer's plan (though low bar)
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