.maxfawcett: Policy wonks could stop Poilievre et al. from axing the carbon tax via NatObserver
First, the wonkish stuff. These contracts effectively offer insurance on any future changes to the carbon price, something that’s particularly valuable given both the advanced age of the current government and the enthusiastic pledge to “axe the tax” from the leader of the official Opposition.
Here’s how the contracts work. Let’s say you want to build a project that reduces greenhouse gas emissions, and your economics depend on being able to generate credits for those reductions — ones that increase in value as the carbon price rises. If you sign one of these contracts and a future Poilievre government slows or eliminates the carbon tax entirely, it would have to pay you the difference between what those credits would have been worth and their now-reduced value.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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