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Environment committee  I think I would say the same things we said earlier, that this is a policy that we have a proven foundation for. It reduces emissions, and it does so at very small cost and at a lower cost than any other option for reducing emissions.

January 28th, 2019Committee meeting

Dr. Nicholas Rivers

Environment committee  I think it's clear that this will reduce emissions, and so far—

January 28th, 2019Committee meeting

Dr. Nicholas Rivers

Environment committee  The published estimates suggest we're not all the way to getting to the 2030 goals. The mix of the carbon price and the regulations on methane and coal and that kind of thing is not sufficient to get us all the way to the 2030 target.

January 28th, 2019Committee meeting

Dr. Nicholas Rivers

Environment committee  There's certainly no basis for claiming that a carbon price of the magnitude talked about or being proposed and being implemented will have any likelihood of causing a recession. I think we know this intuitively. The price on carbon is equivalent to a couple of cents on gasoline

January 28th, 2019Committee meeting

Dr. Nicholas Rivers

Environment committee  I think the one other thing to point out is that, if we're going to hit our emission reduction targets, the cheapest way to do so, the way that will impose the smallest impacts on growth, is through the carbon pricing approach. A regulatory approach would impose a bigger cost on

January 28th, 2019Committee meeting

Dr. Nicholas Rivers

Environment committee  I guess I would just point out that I wouldn't talk of carbon pricing as a discrete thing, like a yes or no. It's not like a light switch. If it is a light switch, it's like a dimmer. There are lot of different levels of carbon pricing. You could have a very strong carbon price t

January 28th, 2019Committee meeting

Dr. Nicholas Rivers

January 28th, 2019Committee meeting

Dr. Nicholas Rivers

Environment committee  Natural gas—

January 28th, 2019Committee meeting

Dr. Nicholas Rivers

Environment committee  Right. There's a lot to unpack there.

January 28th, 2019Committee meeting

Dr. Nicholas Rivers

Environment committee  First of all, the research has consistently demonstrated that the price on carbon in B.C. has reduced emissions. There have been at least half a dozen studies that reach the same conclusion with a lot of different datasets and approaches. In terms of how high it has to get, as

January 28th, 2019Committee meeting

Dr. Nicholas Rivers

Environment committee  I'm going to go back to what Dale said a minute ago. I think you have it the wrong way around, personally. To me, you don't get a global agreement and then have each country going to reduce emissions—

January 28th, 2019Committee meeting

Dr. Nicholas Rivers

Environment committee  To me, that kind of global consensus around emissions reduction is going to come from the bottom up—

January 28th, 2019Committee meeting

Dr. Nicholas Rivers

Environment committee  I think that's bang on: You recognize the fact that it's not any one year's emissions that are causing the problem. It's the cumulative emissions over time that are causing the problem. We want an approach that targets our cumulative emissions over time, which means sending a lon

January 28th, 2019Committee meeting

Dr. Nicholas Rivers

Environment committee  So your question is about economic growth and carbon pricing.

January 28th, 2019Committee meeting

Dr. Nicholas Rivers

Environment committee  Right. My view is that carbon pricing is pretty much a wash for the economy overall. It's not going to make us a lot bigger and it's not going to make us a lot smaller. I think it will increase the growth in cleaner sectors in the economy and reduce it in less clean sectors of th

January 28th, 2019Committee meeting

Dr. Nicholas Rivers