Thursday, June 14, 2007

C.D. Howe Institute Calls Baird's Bluff

"In 'Estimating the Effect of the Canadian Government’s 2006-2007 Greenhouse Gas Policies,' authors Mark Jaccard and Nic Rivers say Ottawa’s current policy proposals will fall short of its reduction target for 2020 by almost 200 megatonnes. Further, because of this gap, which the authors estimated using an energy-economy simulation model, it is unlikely that a future government would be able to meet the ambitious 2050 target."

Source (likely to be later archived here); see also the more detailed "ebrief" (in PDF); and the even more detailed Working Paper (in PDF).

Click on image to enlarge.
Image source: Working Paper (in PDF, screen page 21 of 24).

As noted earlier in this blog, Mark Jaccard is one of the economists who had questioned the effectiveness of Baird's scheme. Backing up his criticism with research is great. Having it published in a peer-reviewed journal would be even better. Still, this is already much more than Baird's Ministry has done:

"We asked Environment Canada for information on the energy-economy modeling tools it used and the major assumptions it applied in concluding that its policies would reduce emissions by 20 percent by 2020, as well as in concluding that its policies would set the country on the trajectory needed to achieve its 2050 target of a 65 percent reduction. While the government provided aggregate results for individual policies, we are still unclear about the key assumptions the government used in estimating how businesses and consumers would respond to its 2006-2007 policy initiatives and also unclear about how the government ensured that the effects of overlapping policies were not double counted."

Source: Working Paper (in PDF, screen pages 8 and 9 of 24)

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