Tag: pricing

Ideology triumphs over evidence: Morrison government drops the ball on banking reform

Political pressure forced the federal government in 2017 – when Scott Morrison was treasurer – to call the royal commission into misconduct in the banking, superannuation and financial services sector. Commissioner Kenneth Hayne delivered 76 recommendations to reform the industry…

Democrats seek progressive overhaul of the U.S. financial system

Now in control of Congress, Democrats are looking to give the U.S. financial system a progressive overhaul, incoming Senate Banking Chairman Sherrod Brown said Friday. It will be a tall task. What we’re hearing: “This committee in the past has…

Canada finally has a climate plan that will let it meet its carbon targets by 2030

I’ve studied Canadian climate policy debates for three decades. Over that time, by my count, there has been seven national climate targets and nine climate plans. None has been credible — with the exception of the plan released last week…

Up to 90% of electricity from solar and wind the cheapest option by 2030: CSIRO analysis

With the cost of energy generated from wind and solar now less than coal, the share of Australia’s electricity coming from renewables has reached 23%. The federal government projects the share will reach 50% by 2030. It is at this…

Peatlands keep a lot of carbon out of Earth’s atmosphere, but that could end with warming and development

Peatlands are a type of wetland where dead plant material doesn’t fully decompose because it’s too soggy. In these ecosystems, peat builds up as spongy dark soil that’s sometimes referred to as sod or turf. Over thousands of years, yards-thick…

Canada’s new climate plan: Q&A about Bill C-12

On Nov. 19, Environment Minister Jonathan Wilkinson unveiled what was billed as a “Net-Zero Emissions Plan.” What we got is most emphatically not a plan, but it is a piece of legislation that demands Canada set targets and develop plans…

Vital Signs: a global carbon price could soon be a reality – Australia should prepare

As well as restoring dignity to the Oval Office, another thing that will definitely change under a Biden presidency is US policy on the environment. Biden’s plan for “a clean energy revolution and environmental justice” includes rejoining the Paris Agreement…