World's Climate and CO2 (GHG) - Government Policy - Carbon Tax
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Transcript of World's Climate and CO2 (GHG) - Government Policy - Carbon Tax
What is a Carbon Tax and Emissions (GHG) – March 2017By: Paul Young, CPA, CGADate: March 20, 2017
Paul Young, CPA, CGA
CPA, CGA 26+ years of business experience
Financial Analysis and Reporting Business Improvements Audit and Internal Controls Costing Risk Management
10+ years of analyzing government policies 10+ years in academia
Public Finance (PF1) Advance Management Information Systems (MS2) Advance Accounting (FA4) Advance Finance (FN2)
Agenda
What is a carbon Tax? Do Carbon Tax reduce emissions? Truth about British Colombia Carbon Tax
Key quotes on carbon tax and emissions Is climate change real? What you need to know? Prime Minister Trudeau calls it a tax Where has raising taxes grown an economy? Other links
What is a carbon Tax
A carbon tax is usually defined as a tax based on greenhouse gas emissions (GHG) generated from burning fuels. It puts a price on each tonne of GHG emitted, sending a price signal that will, over time, elicit a powerful market response across the entire economy, resulting in reduced emissions. It has the advantage of providing an incentive without favouring any one way of reducing emissions over another. By reducing fuel consumption, increasing fuel efficiency, using cleaner fuels and adopting new technology, businesses and individuals can reduce the amount they pay in carbon tax, or even offset it altogether. Source: http://www.fin.gov.bc.ca/tbs/tp/climate/A1.htm
Carbon Tax and Emissions
Key Quotes “The reality is that since 2010, B.C.'s GHG emissions have increased every year; as of 2013 they are up 4.3 per cent above 2010 levels," Lee writes on the CCPA website.” http://thetyee.ca/Opinion/2016/03/08/BC-Carbon-Tax-Failure/
Key Quote: “The bigger story is technological change, notably the U.S. shift from coal to natural gas resulting from the fracking revolution that lowered greenhouse gas emissions without a formal government policy. However, since technological change is impossible to forecast, economists play with relative prices” http://business.financialpost.com/fp-comment/the-carbon-tax-illogic
Key Quote “ climate leadership team concluded the province will fail to meet its 2020 targets and recommends focusing emission-reduction targets for 2030 and 2050” . http://www.huffingtonpost.ca/2015/11/27/b-c-climate-report-says-hike-carbon-tax-extend-reduction-targets-to-2050_n_8667432.html
Emissions
Country Emissions / world %
Cap and Trade/Carbon Pricing
China 28% No Carbon Tax or Cap and Trade
United States 16% • Many states have cap and trade or carbon pricing
• No national carbon tax or cap and trade system
EU-28 10% • Various cap and trade systems and carbon taxation
India 6% • No cap and trade or carbon taxation
Russia 6% • No cap and trade or carbon taxation
Japan 4% • Cap and TradeTop 6 70% Rest of the world 30%
Carbon Pricing
Electrical Grid
World will blow through Two Degree CO2 and have to look at Geoengineering even if all electricity went solar and all cars are electric – Next Big Future – March 19, 2017
California Auction
Climate change
http://www.sciencemag.org/news/2016/05/earth-s-climate-may-not-warm-quickly-expected-suggest-new-cloud-studies
Carbon Tax / BC - Truths
Carbon Tax drives up costs for consumers including heating and food. The whole supply chain would pass the cost of the carbon to end consumer. 2/3 of a country’s economy is driven by consumer spending.
Source: Economic impact -
http://behindthenumbers.ca/2016/03/03/dont-believe-the-hype-on-bcs-carbon-tax/ GDP Growth is not strong -
http://www.rbc.com/economics/economic-reports/pdf/provincial-forecasts/provfcst-sep2016.pdf. BC is growing at 3% which is good growth, but hardly strong growth.
Consumer prices - http://www.cbc.ca/news/business/carbon-price-consumer-impact-1.3789224 or http://www.slideshare.net/paulyoungcga/carbon-tax-or-carbon-pricing-impact-on-consumer-good-prices-for-canada
Carbon Tax/Emissions - http://www.slideshare.net/paulyoungcga/climate-change-policies-cap-and-trade-emissions-carbon-tax-carbon-pricing-canada
LNG - http://www.slideshare.net/paulyoungcga/policy-liquefied-natural-gas-lng-canada - http://www.cbc.ca/news/canada/british-columbia/carbon-tax-lng-1.3355429
Is climate change real?
You can put 20 climate change experts in a room and get 20 different answers. Source:
http://www.naturalnews.com/052317_climate_change_scientific_consensus_fraudulent_science_survey.html http://www.nationalobserver.com/2016/03/02/news/trudeau-says-pipelines-will-pay-canadas-transition-gree
n-economy or http://www.bloombergview.com/articles/2016-03-16/canada-s-new-hope
LNG - https://www.youtube.com/watch?v=4IX_iGZgSBI Trade - https://www.youtube.com/watch?v=nEw49MdPK24 -
http://business.financialpost.com/fp-comment/canada-may-already-be-carbon-neutral-so-why-are-we-keeping-it-a-secret
http://www.slideshare.net/paulyoungcga/clean-technology-raw-materials-and-commercialization-market-canada-may-2016
http://www.slideshare.net/paulyoungcga/carbon-tax-or-carbon-pricing-impact-on-consumer-good-prices-for-canada
Climate Change/GHG - https://www.youtube.com/watch?v=gMvCb-pWJsk Impact on future Generation: https://www.youtube.com/watch?v=q7BHdWh9mjg Import/Emissions - https://www.youtube.com/watch?v=KokVHjT9PqE Carbon Taxation: - https://www.youtube.com/watch?v=KHglhOPtmrc Australia - https://www.youtube.com/watch?v=C35pasCr6KI Greenpeace - https://www.youtube.com/watch?v=cA6WZ4SX_-0 Agenda 21 - https://www.youtube.com/results?search_query=un+agenda+21+ Mike Bloomberg -
http://www.bloomberg.org/press/releases/bloomberg-philanthropies-partners-launch-new-clean-energy-initiative-limit-carbon-pollution-power-plants-spur-clean-energy-investments
What do people need know?
People need to do their own research and not take either left wing or right wing views
People need to do their part help environment including water, land management, recycling, etc
CO2 is key to plant life CO2 is not a pollutant Environmental
Air quality (poor scrubbing) Water (failures to treat water) Land Management (arsenic, tailing ponds)
Planets go through their own development process based on age of their planet as well as lifecycle of the sun
Cap and Trade systems have been a failure There is no such a revenue neutral tax
Where does raising taxes actually grow an economy
Stuart Varney conversation with socialist - https://www.youtube.com/watch?v=hWarBMfshaA
Carbon taxation will not grow an economy, but will hurt it!
Prime Minster Trudeau calling the carbon price a tax
Prime Minister Trudeau called the price for carbon a tax - https://www.youtube.com/watch?v=5ndd3YKEBxM
Government / Canada
https://www.youtube.com/watch?v=jW9GiWeQEgg
So, it is $1B cost a year for natural disasters?
https://www.slideshare.net/paulyoungcga/what-is-carbon-tax-or-a-price-for-carbon
What triggers floods? Snow/rain, right? So, if we are warming up does not mean less rain?
Many forest fires are either started by lighting or are man made? In fact provincial governments have scale back their forest management budgets - http://calgaryherald.com/news/politics/did-cuts-to-fire-program-budget-have-a-role-to-play-in-fort-mcmurray-fire or http://www.cbc.ca/news/canada/sudbury/ontario-government-sues-cn-rail-for-millions-in-firefighting-costs-1.2927083 or https://www.policyalternatives.ca/sites/default/files/uploads/publications/BC%20Office/2010/12/CCPA_BTN_forest_service_web.pdf
Other links http://www.slideshare.net/paulyoungcga/climate-chan
ge-policies-cap-and-trade-emissions-carbon-tax-carbon-pricing-canada
http://www.slideshare.net/paulyoungcga/impact-of-climate-change-on-future-generations
http://www.slideshare.net/paulyoungcga/paris-climate-change-agreement-april-2016
http://www.slideshare.net/paulyoungcga/cap-and-trade-emissions-carbon-tax-or-carbon-pricing-101