Ontario’s Climate Retreat feat. Edgardo Sepulveda

In the past two decades, Ontario has become a world leader in clean electricity by phasing out coal generation, which it did 90% by restarting units at the Bruce and Pickering Nuclear Generating Stations. Ineffective clean energy policies now threaten that leadership. With the decision of Ontario Power Generation not to refurbish Pickering, fossil gas is set to ramp up to fill the lost capacity. The closure of 3.1 GW of nuclear power at Pickering and its replacement with fossil gas will constitute at least a 1% increase in Canada's total emissions. And on the carbon pricing front, while Ontario has adopted a carbon tax, a closer look shows it is too lax in its current form to make a real difference, exempting upwards of 90% of emissions from gas plants. And this comes at a time of massive increase in electricity demand planned due to electrification. In this Ontario-focused episode, returning guests and regulatory economist Edgardo Sepulveda takes us through what Ontario got wrong with its carbon tax and how the province is headed towards higher emissions. Read Edgardo's in-depth analysis on his blog: https://www.progressive-economics.ca/2021/07/ontario-electricity-viii-backwards-on-climate/ Learn more about the Tax the Gas & Save Pickering campaign: www.taxthegas.org