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Rodney MacDonald on cap and trade


Reportedly, yesterday Rodney dissed both a carbon tax and a cap and trade scheme. A straight carbon tax is a complicated issue, and reasonable people can disagree about it. But for now, I want to point at MacDonald's comment about the cap-and-trade idea:

I'm not convinced the cap and trade system is the best for Nova Scotia. Our climate change action plan will be a Nova Scotia-based solution.

There's no better word for this than "stupid." The province has adopted *as law* greenhouse gas reductions that are among the toughest in Canada. I have my doubts that we'll actually see those reductions, but let's say we're serious, and Rodney is going to roll out a program that will actually meet those targets. This would be good. But why on Earth would he not want to profit from those reductions?

Under a cap and trade system those businesses that make steep reductions in GHG emissions (in our case, that'd be Nova Scotia Power) can sell their credits to those who haven't yet made those reductions, bringing in real money that could be used, in NSP's case, to offset the costs of making the reductions---in other words, if NSP is really going to lower its GHG emissions, under a cap and trade system our power bills would go down, or at least wouldn't go up as fast as they would otherwise.

Either Rodney has no intention of meeting the GHG targets, or he is stupidly passing up an opportunity to lower power rates. There's no other way to read this.

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