Federalism is a complication for coherent climate policy in 🇨🇦. But it isn't just challenges: New analysis from @climateinstitute.bsky.social colleagues shows that policies with involvement from both federal & provincial governments are having the biggest impact. 440megatonnes.ca/insight/bigg...

Here's the argument that makes me a little crazy:

And several other provincial systems are walking a fine line, risking oversupplied credit markets as well.

But here’s the thing: some of these systems aren’t working to their full potential. Credit markets in some provinces aren’t binding. Credit markets look to be oversupplied, due to policy interactions, loose performance standards, and technological change.

Excellent thread. one more fun screencap from the paper to add:

If you see this post a bird. (Barred?) owl in Gatineau Park from a hike two weeks ago.

Oh Vancouver, I’ve missed you. (if anyone else is here for #GLOBEforum2024 come say hi!)

Costs matter too. Right now, oil & gas is a big source of economic growth. Turning it off like a switch isn’t viable. Instead, the cap focuses on emissions: it includes alternative compliance options to give firms flexibility to adjust to changing market conditions.

Nice to see @aleach.bsky.social in action last night launching his new book.

Pretty alarming sum-up of the Canadian forest fires this year. www.cbc.ca/amp/1.6999005