- U.S. and Canada compete in subsidies! Canada will pay Volkswagen $750 million to help it build a battery factory, plus billions based on future battery production.
- Biden promises $1 billion for international “Green Climate Fund,” plus $500 million to slow deforestation in Brazil (if Congress is willing).
- Gary Galles: Property rights provide profit incentives to reduce environmental costs and damage.
- “There is no tipping point beyond which Mother Earth wrestles control of the whole climate system away from human beings and proceeds to punish us for our sins.”
Let’s begin with the obvious: It’s hard to believe that Canada will suffer from rising temperatures. It’s cold much of the year in Canada (average annual temperature, averaged across the country, is 22F.) But the Canadian government says climate change will hurt the nation’s economy by reducing labor productivity (even though it will increase tourism)….
Why? It would make it harder to meet their carbon-dioxide emission goals, say Oregon, California, and Washington officials. Alex Baumhardt writes in the Idaho Capital Sun that TC Energy, a Canadian company, asked the Federal Energy Regulatory Commission (FERC) in October 2021 if it could increase natural gas delivery by the Gas Transmission Northwest Express…