After eight extensive posts about the Ontario electricity sector, I am expanding my geographic coverage to look at the electricity sectors in selected OECD countries. My focus will be on the historical and relative performance of each country’s sector with respect to decarbonization and prices. As in the case of
Continue readingAuthor: Edgardo Sepulveda
The Progressive Economics Forum: Ontario Electricity VIII: Now also going backwards on climate
There have been a number of important developments in the Ontario electricity sector since my last update when I summarized my arguments in front of the Ontario Legislature against the proposed Provincial Conservative legislation, now enacted, that eliminated the Provincial Liberal rate-based borrowing scheme to subsidize electricity prices and replace
Continue readingThe Progressive Economics Forum: Behind Chile’s political crisis
More than one million people marched in Santiago on October 26 to protest the Government’s security response to Chile’s current political crisis and to demand structural economic reforms to reduce inequality and increase social services. In this post I analyze these grievances from a quantitative perspective and explore what it
Continue readingThe Progressive Economics Forum: Electrification and Climate I: Scale of the Challenge
Many elements have to come together if Canada is to significantly reduce its greenhouse gas (“GHG”) emissions. There is now a technical consensus that “electrification” – the replacement of fossil fuels with electricity as an energy source – is a necessary condition for decarbonization, and that electrification will require that
Continue readingThe Progressive Economics Forum: Ontario Electricity VII – Committee Testimony
The PC Government in Ontario has introduced Bill 87 which would eliminate the rate-based borrowing to subsidize electricity prices and replace it with Government borrowing. Last week’s Provincial Budget estimates that the required borrowing to subsidize electricity prices for 2018/19 was $2.8 billion. It is likely to exceed $3 billion
Continue readingThe Progressive Economics Forum: Income Inequality and Redistribution in Venezuela
I had been waiting for last month’s publication of the book “Confronting Inequality” before preparing my annual update on income inequality and redistribution in Canada. I am glad I did because the book presents new and exciting empirical findings that shed light on the age-old equity/growth debate (more on that
Continue readingThe Progressive Economics Forum: Rent Control in Ontario
I’ve just published my new analysis of Ontario’s proposed rent controls and develop an evidence-based comprehensive alternative proposal at the CCPA’s “Behind the Numbers” blog.
Continue readingThe Progressive Economics Forum: Ontario Electricity Sector VI – Meet the new boss…
The provincial election of June ended 15 years of Liberal electricity policy in Ontario. Anger over high electricity prices continued to be an election issue, contributing to the Liberals loss of power and official party status (reduced from 55 to 7 seats). The PCs have formed Government with 76 seats,
Continue readingThe Progressive Economics Forum: Ontario Electricity Sector V – What they knew, and when they knew it…
Last month I published a full-length article in the “The Monitor” magazine providing a “how we got here” analysis of the Ontario electricity sector and some options for the next Government. Since then, two things have changed: first on May 31 two investigative journalists, Carolyn Jarvis and Brian Hill, wrote
Continue readingThe Progressive Economics Forum: Ontario Election: Impact on Inequality of Fiscal Plans
In the context of Ontario’s upcoming June 7 election, I just finalized an article on the CCPA’s “Behind the Numbers” blog, exploring the fiscal plans of the three major political parties from a historical and comparative context. I concluded that while the Ontario election offers voters three distinct fiscal visions,
Continue readingThe Progressive Economics Forum: Inequality-redistribution in Canada update
Two years ago I posted my first guest blog focused on income inequality, specifically how changes in Canada’s redistribution over the last three decades have increased after-tax income inequality, and how these changes compared to OECD trends. The figures and analysis in this post update the earlier blog, based on
Continue readingThe Progressive Economics Forum: Ontario’s Electricity Sector IV: Pre-Election Update
My first, second and third posts on the Ontario electricity sector described how policy and administrative decisions by different Liberal Governments gave rise to excess electricity generation with an inflated cost structure, leading to higher electricity prices. In anticipation of June 2018 elections, the Liberal Government recently implemented a costly
Continue readingThe Progressive Economics Forum: Income and geographic distribution of low-income renters in Toronto
In this second of a series of housing-related posts I analyze the income and geographic distribution of renter-occupied households in the City of Toronto. My first post focussed on affordability and inequality trends by analyzing time series (2001-16) data for Ontario by household income quintiles. As a complement, this blog
Continue readingThe Progressive Economics Forum: Housing Affordability and Inequality: Low-Income Renters in Ontario
In this first of a series of housing-related posts I analyze rental housing expenditures for low-income households in Ontario. Rent is the single largest expenditure element for renters in the first and second household income quintiles and is therefore an important indicator of housing affordability and expenditure inequality. This is
Continue readingThe Progressive Economics Forum: Ontario’s Electricity Sector III: Legislative & Finance Update
My January and March posts on the Ontario electricity sector described how decisions by different Ontario governments gave rise to excess electricity generation with an inflated cost structure, leading to higher electricity prices. Here I discuss the latest development, the Liberal Government of Ontario’s proposed financial framework for its “Fair
Continue readingThe Progressive Economics Forum: A tale book-ended by 2 Trudeaus: Canada’s foreign aid since 1970
Soon after the 2015 federal election, Prime Minister-designate Justin Trudeau affirmed that Canada was “back” as a “compassionate and constructive voice in the world” after a decade of Conservative governments. One of the most important means by which any industrialized country interacts with the developing world is via the amount,
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