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Towards a North American Price on Carbon

In March of 2014, the Canadian Electricity Association released a major document entitled Vision 2050: The Future of Canada’s Electricity System. The document established that if we want to reduce carbon emissions in the most economical way, pricing carbon in the economy was the only way to go. And we must recognize our electricity system, and our energy system, is continental, not national. I spent the remainder of 2014 and into 2015 talking about Vision 2050, both in Canada and the US. In these talks, when speaking of carbon pricing, I would make the statement we could see a North American price on carbon as early as 2020. Roughly a year later, I stand by that statement, using the same caveat I did back then: it will all come down to the US Supreme Court.