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Alberta’s Climate Plan: A burden with no benefit - Presentation

Ken Gregory gave a presentation in Calgary on July 25, 2016. Here is the presentation slides. Abstract: The Alberta Government intends to impose a carbon tax of C$20/tCO2 on of January 1, 2017, and C$30/tCO2 on January 1, 2018. This action is not based on the most recent and best quality climate science and economic evaluations. The expected warming from 2016 to 2100 due to greenhouse gas emissions is only 0.6 °C using the best climate science The net social benefit of emissions is about 17 US$/tCO2. The small warming from emissions and CO2 fertilization are net beneficial. A carbon tax will harm all Albertans for no benefit. The climate plan is forecast to reduce global temperatures by 0.00007 °C by 2030. The presentation will explain why Alberta's climate panel got the social cost of carbon emissions so very wrong. Canada's benefits from emissions continue to increase throughout the 21st century.



The Carbon-Tax Shell Game

Oren Cass of the Manhattan Institute says a carbon tax "makes little sense when scrutinized closely." He writes, "The insubstantial effect on emissions gets obscured by discussions of the fiscal benefits. The negative fiscal effects get offset by claims of environmental efficacy. The tax's simplicity and practicality are touted, even as new complexity is introduced to address each flaw. ... a carbon tax is not good policy." The US share of global CO2 emissions shrinks every year as the developing world increases their emissions. Eliminating US CO2 emissions would have very little effect on global temperatures. Carbon tax has negligible effect on encouraging low-carbon energy innovation.



Green Jobs – Rhetoric or Reality

Will GHG reduction and climate change initiatives create green jobs and stimulate the economy? Energy economist Robert Lyman reviews the evidence. Subsidies in Spain destroyed 2.2 jobs for each "green" job created. In Italy, the same amount of capital that creates one "green" job would create 6.9 jobs if invested in other industries. Danish GDP is approximately 1.8 billion DKK (Cdn $300 million) lower than it would have been if the wind sector work force was employed elsewhere. In the UK, every "green" job causes 3.7 job losses. Experience in other countries and in Canada shows policies that divert money from the general economy to subsidize renewable energy result in lower employment, higher costs and lower income. Green jobs mean fewer jobs.



Residential Solar: Myth vs. Fact

The rapid rate of growth of solar installations is being driven by subsidies such as net metering and the solar investment tax credit. The Institute for Energy Research gives 10 Myths and Facts. The facts include: Without large subsidies, rooftop solar fails to make economic sense. As more solar power is added to the grid, the peak demand problem for utilities actually gets worse, not better. Most subsidies go to multi-billion dollar corporations, not homeowners.



Ross McKitrick: The Electric Car is Dead, Executed by Al Gore and his Environmental Allies

Gasoline is cheap. Electricity is expensive. Bad environmental policy contributed to both outcomes. Dr. Ross McKitrick writes, "On a per-mile basis, cars today emit about one one-hundredth the amount of air contaminants they generated back in the 1960s." He asks "Who killed the electric car?" It is not auto or petroleum companies. Electric cars are not profitable because they are very expensive, have limited range, and require very expensive electricity, while regular car run on cheap gasoline. Government policies to force more wind and solar energy onto the grid have caused electricity prices to soar, killing the electric car.




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