CCS #8: Fraser Institute’s Joel Wood And The Carbon Tax “Options”

(For an audio of the talk)

(Joel Wood is a member of the Koch funded Fraser Institute)

(He is also a professor at Thompson Rivers University in Kamloops, BC)

(At the library talk)

1. Debunking The Climate Change Scam

CLICK HERE, for #1: major lies that the climate frauds tell.
CLICK HERE, for #2: review of the Paris Accord.
CLICK HERE, for #3: Bill C-97, the GHG Pollution Pricing Act.
CLICK HERE, for #4: in 3-2 decision, Sask. COA allows carbon tax.
CLICK HERE, for #5: controlled opposition to carbon tax.
CLICK HERE, for #6: controlled opposition Cons ==> Supreme Court.
CLICK HERE, for #7: climate bonds pitched as $100T industry.

2. Important Links

CLICK HERE, for Joel Wood’s announcement in May 2019.
CLICK HERE, for Joel Wood’s Fraser Institute profile.
CLICK HERE, for Joel Wood’s TRU profile.
CLICK HERE, for Joel Wood’s website.
CLICK HERE, for a paper Wood co-authored on co-fluctuation patterns.
CLICK HERE, for paper on raising the gas taxes.
CLICK HERE, for a paper on indoctrinating university students..

3. Publications Listed On TRU Biography

McKitrick,R. & Wood, J. (in press). An examination of the relationship between air quality and income in Canada. Canadian Journal of Agricultural Economics.

Tsigaris, P. & Wood, J. (2016). A Simple Climate-Solow Model for Introducing the Economics of Climate Change to Undergraduate Students. International Review of Economics Education, 23: 65-81.

Wood, J. (2015). Is it time to raise the gas tax? Optimal gasoline taxes for Ontario and Toronto. Canadian Public Policy, 43(3): 179-190.

Wood, J. (2015). When a ban is not a ban: The case of British Columbia’s log export restrictions. Economics Bulletin 35(2): 1071-1075.

Mckitrick, R.& Wood, J. (2013). Co-fluctuation patterns of per capita carbon dioxide emissions: The role of energy markets. Energy Economics, 39: 1-12.

Wood, J. (2013). The effects of bailouts and soft-budget constraints on the environment. Environmental & Resource Economics, 54(1): 127-137.

Recent Newspaper Commentaries:

Wood,J. (2016, Mar 2). Keep the carbon tax, but make sure it is revenue neutral. Vancouver Sun.

Wood,J. (2015, Sep 21). Raise the Gas Tax. National Post.

Wood,J. (2014, Jun 24). BC would gain from streamlined log export policies. Vancouver Sun.

4. Bogus “Science” At Core Of Scam

6CO2 + 6H2O + light ==> C6H12O6 + 6O2 (Photosynthesis)

C6H12O6 + 6O2 ==> 6CO2 + 6H2O + energy (Respiration)

Carbon Dioxide (CO2) is a necessary part in both photosynthesis and respiration. The idea that we must remove it from the atmosphere is moronic. Without an abundant supply of CO2, plants will die off.

Since “success” will mean the death of us all, it seems that “failure” will result in ever growing carbon taxes to combat this so-called existential threat to humanity.

Let’s take a look at some of the other publications that Joel Wood has released in recent years. What else has he been up to?

5. Paper On Co-Fluctuation Patterns On CO2

Our hypothesis is that energy prices transmit information across borders in such a way as to increase coordination of emission fluctuations. This is tested by examining the effect of energy prices on the index of homogeneity. We find evidence in support of the hypothesis; however, the pattern of emission fluctuations differs between developing and developed countries until the most recent time period (1984-2000). We then examine the effects of openness to trade and government intervention, and find that neither of these factors have an identifiable coordinating effect on emission fluctuations between countries. Overall the evidence suggests that emissions are strongly linked between countries, and we discuss what this may imply about future emission growth and global agreements to address climate change.

By finding out how pricing impacts energy usage, we will be able to manipulate and control behaviour to suit our agenda. After all, people can’t “pollute” if they can’t afford to do it. Never mind the bogus science behind all of this.

In the subsequent section we empirically investigate the co-fluctuation patterns of per capita CO2 emissions across countries, in particular looking at world energy prices as a coordinating mechanism for emission changes across countries. We then add in other indicators of openness to markets to examine the effect they play in coordinating emission variations.

When all of the wordiness is stripped down, it is one simple idea: manipulating energy prices in order to reduce “emissions” which means reduce usage of vehicles and equipment. In short, this is research into deliberately pricing machinery out of the reach of most people.

Source is here.

6. Paper On Raising Gas Taxes

This paper uses a representative agent model and Canadian data to calculate the
optimal gasoline taxes for Ontario and the Greater Toronto-Hamilton Area (GTHA) in
a second-best setting with pre-existing distortionary income taxes. The results suggest
a second-best optimal gasoline tax of 40.57 cents per litre in 2006 Canadian dollars
for the GTHA that is much higher than the current tax rate of 24.7 cents per litre,
and also higher than recently proposed increases
. The resulting value is insensitive to
whether the additional revenue is used to reduce taxes on income or to incrementally
fund increased public transit infrastructure
(The Big Move plan). However, in the
absence of a regional tax, the second-best optimal gasoline tax for Ontario as a whole
of 28.51 cents per litre in 2006 Canadian dollars is slightly higher than the current tax
rate and in-line with proposed increases.

Gasoline taxes to be jacked up, and one option is to use to fund more public transit. In short, make driving more and more unaffordable, so you have no choice but to take transit. Source is here.

7. Paper On Brainwashing University Students

In this paper we develop the simplest integrated assessment model in order to illustrate to
undergraduate students the economic issues associated with climate change. The growth model
developed in this paper is an extension of the Solow model and includes a simple climate model.
Even though the model is very simple it is very powerful in its predictions
. Students explore
various scenarios illustrating how economic activity today will inflict damages on future
generations. But students also observe that future generations will be richer than today’s
generation due to productivity growth and population stabilization. Hence, the richer future
generations will not be as rich as they would be without climate change
. Since the cost of action
is absorbed by the current generation and the benefits of action accrue to future generations
students can conduct a cost-benefit analysis and explore the importance of the discount rate.

Due to the persistence of GHGs in the atmosphere, the climate change problem is
characterized by the issue of inter-generational equity
: The current generation is imposing
external costs on future generations and would have to forego some economic growth to limit
those costs. But at the same time, it is also characterized by issues of intra-generational equity, for example, rich nations which are relatively GHG intensive are located in temperate climates
and have the funds and strong institutions to more easily adapt to climate change
; whereas,
poorer nations, say in sub-Saharan Africa, are expected to be hit relatively harder by the negative
impacts of higher temperatures.

Source is here.

As was shown in the Paris Accord (read Article 9 in particular), this climate change scam is all about a massive wealth redistribution. It was little, if anything to do with protecting the environment, and is just a way to levy global taxes.

8. Thoughts On The Kamloops Presentation

While a number of different “solutions” were proposed, they all came down to the same thing: paying huge sums of money to the government (and by extension the U.N.) for something that won’t make air quality better.

Interesting, Joel never once discussed the science behind the climate change agenda, only different patterns to implement tariffs and taxes. But then, that’s what it was always about.

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