When it comes to climate change, Canadian premiers may be bucking a trend of regional disputes and posturing, particularly when it comes to a national energy strategy. Several weeks ago in Charlottetown, P.E.I., Canadian premiers produced a framework for a national energy strategy with climate change figuring prominently. The new framework recognized the need for Canada to reduce its greenhouse gas (GHG) emissions and transition to a low-carbon economy.
Toronto is a city of many parts, but not one that amounts to more than the sum of those parts.That’s not only because the city lacks a plan, but as the current municipal election has reminded us, more fundamentally because it lacks the ability to plan. The point was remade recently in a report released by the Sustainable Prosperity Institute. The Ottawa-based environmental think-tank examines how a trio of major urban centres — New York, Paris and London — handles transit, a topic near and dear to the hearts of Torontonians and their would-be leaders.
Tesla, the automobile company started by uber-entrepreneur Elon Musk, is valued by stock markets at $30 billion. That is a pretty sizable valuation for a company that sold 24,000 cars in 2013. General Motors, by comparison, is valued at roughly $56 billion on sales of 9.7 million cars. How can we explain such a discrepancy? Clearly, Tesla benefits from very good press, and very “sexy” product.
By The Editors
Most economists agree that a carbon tax(external link) is the best way to slow climate change. Make energy derived from fossil fuels more expensive, they say, and let the market do the rest.