Farhad Panahov

Carbon Pricing & Competitiveness: Steering Canada’s climate policies amid trade shocks What Canada needs to consider as its looks to maintain its global competitiveness amid fragmented trade and climate policies.

Check out the latest: www.rbc.com/en/thought-l...

20% of Canada’s imports come from places that don’t price carbon. Same for our export destinations.

#Trade and #climate policies increasingly overlap—but mostly outside the US.

#Canada’s challenge? Capitalize on clean competitive edge as it expands new trade routes, while keeping US ties intact.

I think most of us have a weekend read now.

“Among the key findings, the report concludes that carbon dioxide (CO2) -induced warming appears to be less damaging economically than commonly believed, and that aggressive mitigation strategies could be more harmful than beneficial.”

Climate This report evaluates existing peer-reviewed literature and government data on climate impacts of greenhouse gas emissions and provides a critical assessment of the conventional narrative on climate c...

Sooo… this came out:

𝗔 𝗖𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗥𝗲𝘃𝗶𝗲𝘄 𝗼𝗳 𝗜𝗺𝗽𝗮𝗰𝘁𝘀 𝗼𝗳 𝗚𝗿𝗲𝗲𝗻𝗵𝗼𝘂𝘀𝗲 𝗚𝗮𝘀 𝗘𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗨.𝗦. 𝗖𝗹𝗶𝗺𝗮𝘁𝗲

www.energy.gov/topics/climate

#climatechange #energytransition #economics #econsky

But… (2)
... #US total energy exports were just over $300 billion. Only a quarter was shipped to Europe. The EU already takes in nearly half of US #LNG exports. Even if the US doubles LNG capacity and redirects all of it to Europe, a huge gap remains.

But… (1)
... The #EU’s total energy imports last year just inched above $400 billion. The US — its largest energy supplier, ahead of Norway by a thin margin — accounted for only 19% of that. To meet the deal’s target, the EU would need to replace 8 of its top 10 energy partners.

𝗠𝗮𝗸𝗲 𝗶𝘁 𝗺𝗮𝗸𝗲 𝘀𝗲𝗻𝘀𝗲:
The EU committed to buying $750 billion of US #energy by 2028 — about $250 billion a year. But…

#trade #tariffs #geopolitics

Are empty shelves making a comeback in the US?

VIZION tracks global container shipments down 12%. Shipments to the US have dropped 20%, and Chinese shipments to the US—slashed in half.

#Tradewar #Tariffs #EconSky

3.
⏳𝗟𝗼𝗻𝗴‐𝘁𝗲𝗿𝗺 𝘁𝗵𝗿𝗲𝗮𝘁: #agingpopulation
The silver economy is here: nearly half the world has crossed the “demographic turning point,” where the working‑age share begins to shrink. Canada’s median age has climbed to 41—almost a decade older than in 1990.

2. 🛠️𝗠𝗲𝗱𝗶𝘂𝗺‐𝘁𝗲𝗿𝗺 𝗳𝗶𝘅: #productivity
The U.S. economy is the single outlier back on its pre‐COVID trajectory. The IMF credits America’s labour mobility—hire fast, fire fast, which moves talent to where it is most effective. Canada’s story is messier.

1. 🚨𝗦𝗵𝗼𝗿𝘁‐𝘁𝗲𝗿𝗺 𝗽𝗮𝗶𝗻: #tariffs
Global growth just got a haircut—and Canada lost almost a third of its 2025 forecast, one of the steepest downgrades. Uncertainty shaved 1.5 % off U.S. investment in 2018; this round will likely be deeper and broader as firms pause to redraw supply chains.

𝗧𝗮𝗿𝗶𝗳𝗳𝘀 𝘁𝗼𝗱𝗮𝘆, 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝘁𝗼𝗺𝗼𝗿𝗿𝗼𝘄, 𝗮𝗴𝗶𝗻𝗴 𝗳𝗼𝗿𝗲𝘃𝗲𝗿.
Here’s my quick take on the #IMF ‘s 190‑page #WorldEconomicOutlook, packed with 100‑plus charts.

#EconSky

Pretty much the same in #Canada

#EconSky #Geopolitics

🔗 Full IEA report: www.iea.org/reports/ener...

𝗔𝗜 𝗶𝘀 𝗴𝗲𝘁𝘁𝗶𝗻𝗴 𝘀𝗺𝗮𝗿𝘁𝗲𝗿 𝗯𝘆 𝘁𝗵𝗲 𝗱𝗮𝘆—𝗻𝗼𝘁 𝗯𝘆 𝘁𝗵𝗲 𝘆𝗲𝗮𝗿.

The #IEA says the "best #AI systems match human PhD-level" performance. But there's a catch: AI is power-hungry. And most of that power is still coming from fossil fuels.

Oil dominates global shipping—it accounts for 20% of the total value of global maritime trade, yet more than double that in terms of volume. Add coal and gas to the mix, and fossil fuels now represent half of the mass of all goods shipped worldwide.

#energy #oil #econsky #iea