🧵Today, the @IEA released their 2021 World Energy Outlook which, for the first time, includes a scenario where the world actually meets a 1.5ºC climate target.

And, it has some big implications for Canada. First, at the high level, the new report finds a massive gap between national climate policies and what needs to happen to "keep the door open" to 1.5ºC. At the global level, these pledges "close less than 20% of the gap" between where we are and where we need to be.

How Biden differs from Trudeau on climate summed up in one line:

"[Biden and his team] view the idea that a carbon tax is the essential answer to the problem of climate change as being so divorced from political reality as to be actively dangerous."

nytimes.com/2021/04/08/opi… This represents a big difference in how the US government is approaching climate action.

For Biden, it's coming through a lens of "what kind of action will build political power and support?"

Where in Canada, it's through a lens of "what do economists say we should do?"