Canada’s Carbon Price Working, So Of Course It’s Being Attacked::How Do You Defend A Working Carbon Price That’s Benefiting Poor People?
Canada’s Carbon Price Working, So Of Course It’s Being Attacked::How Do You Defend A Working Carbon Price That’s Benefiting Poor People?
I’m Dutch, and German energy policy is truly brain dead.
The Canadian policy is much better and more effective.
What’s the fundamental distinction if you don’t mind?
For one, Canada isn’t closing perfectly good nuclear plants prematurely. Germany could have saved a billion tons of CO2 emissions and billions of euros by just letting the last six plants run to their end of life.
Second, Canada didn’t risk their whole industry on Russian pipeline gas, which everyone warned Germany against and now the worst case materialized with the Ukraine war.
Third, Germany is pumping in a huge amount of free carbon credits into the EU ETS. And Europeans don’t get any benefit of the ETS fees.
The Canadian scheme directly kicks back part of the benefit to citizens, which makes it much more palatable
And fourth, the amount of subsidies that Germany is pouring into wind and solar energy just isn’t sustainable. It’s better to have carbon pricing and letting markets transition to low carbon energy, paid for by private capital.
Seriously, like how is German energy policy so Hündscheissy? The whole things seems so poorly thought and implemented? I just don’t get it
Edit: who’s the Einstein who decided to trust Germany’s domestic energy policy and future on fucking Russia?