Energy News  





. Canadian panel touts carbon pricing

by Staff Writers
Ottawa (AFP) April 16, 2009
An environmental panel urged the Canadian government on Thursday to quickly implement a national carbon pricing policy if it is to meet its targets for cuts in greenhouse gas emissions.

In a report, the National Round Table on the Environment and the Economy said the cost of carbon would have to top 100 Canadian dollars (83 US) per ton by 2020, and rise to a maximum of 200 dollars.

Eventually, the government must tie in its trading system with other nations' cap and trade markets to keep CO2 prices from skyrocketing, it said.

"Pricing carbon is an idea whose time has come," panel chair Bob Page told a press conference.

"By putting a price on carbon emissions, we can and we will change industrial and consumer behavior on how we produce and consume energy."

The panel warned its cap and trade plan would curb economic growth by one to six percent in the coming decades, but insisted this was the least costly option available to the government.

To date, various provincial jurisdictions have laid out a patchwork of climate initiatives, while Ottawa balked at environmentalists' calls for severe measures to cut CO2 emissions.

Canada agreed under the Kyoto Protocol to reduce carbon emissions to 6.0 percent below 1990 levels by 2012, but in 2007 outlined a new plan to cut emissions 20 percent by 2020 and 65 percent by 2050, based on 2006 levels, saying the targets agreed to by the previous administration were unattainable.

Its reluctance to implement tougher measures stemmed in part from Washington's refusal to ratify Kyoto.

There was a fear in Canada that Canadian companies would be at a trade disadvantage since US companies are not bound by the Kyoto Protocol, after it was rejected by the previous US administration. The two nations are the world's largest trading partners.

But US President Barack Obama has pledged tougher measures to stem global warming, and his administration is said to want a plan ready for the next meeting of world leaders on climate change in December in Copenhagen.

In February, Canada's environment minister heralded the idea of a continental plan to tackle climate change and a common North American cap and trade system.

But the panel dismissed this, saying US lawmakers are not looking to partner with Canada on this issue.

Instead, Ottawa should roll out a cap and trade system that is compatible with the US system described in legislation introduced in March, and hope for an eventual tie-up, he said.

Page also warned that carbon management could soon become a "precondition for entry into the US market."

Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links




Analysis: Survey finds energy-use delusion
Washington DC (UPI) Apr 10, 2009
As economic concerns deepen, most U.S. consumers want to lower their utility bills, but they also overestimate their homes' efficiency and underestimate their own energy usage, according to a survey.

.
Get Our Free Newsletters Via Email
  



  • China sends more patrols to South China Sea: report
  • Analysis: Niger Delta peace possible?
  • Analysis: Brazil adds find to oil bounty
  • U.S. awards $43M for fuel cell research

  • Poland, Estonia urge Lithuania to speed up atomic power project
  • Over 50 nations want to build nuclear plants: report
  • World's largest nuke plant to restart in quake-hit Japan town
  • Slovenia proposes former envoy Petric as new IAEA chief

  • Iridescent Ice Clouds From Aircraft Wings
  • Deep-Sea Rocks Point To Early Oxygen On Earth
  • Australia issues warning on Hong Kong's dirty air
  • Rendezvous With HALO

  • Environmentalists oppose Amazon road proposal
  • Potential To Amass More Carbon In Eastern North American Forests
  • Some tree seeds are longtime survivors
  • Indonesia should drop forest carbon credit plan: Greenpeace

  • EU seeks deep cuts in fishing capacity
  • EU cuts Mediterranean tuna fishing to protect stocks
  • Germany Bans GM Maize: Monsanto Mulls Legal Action
  • Corn, soy yields gain little from genetic engineering: study

  • Britons offered cash grants to buy electric cars
  • GM aims to double China sales
  • Beijing extends post-Olympics car rules: report
  • Netherlands to introduce car trade-in bonus

  • China Eastern Airlines reports huge loss in 2008
  • Airlines fear failure of global climate talks
  • State takes control of China's first private airline: report
  • Troubled private Chinese airline says president missing

  • Nuclear Power In Space - Part 2
  • Nuclear Power In Space
  • Outside View: Nuclear future in space

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement