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The secret in B.C.'s forests | National Observer
Both the 2017 and 2018 wildfires burned more than 1.2 million hectares of the province, eight times more than the 10-year-average. B.C.’s 2017 fires caused an estimated 190 million tonnes of CO2 emissions. 2018 will be similar.

According to the last annual inventory (quietly released in December 2017) B.C.’s total emissions were about 63 million tonnes of carbon dioxide in 2015. Uncounted annual emissions from destructive logging were about 47 million tonnes in the last few years. In addition, there were roughly 8 million tonnes annually from slash burning in past years (they disappeared as "under review" in the last data released).

Fire emissions have skyrocketed and we must now expect to add roughly 190 million tonnes to the annual tally, for a yearly total of about 245 million tonnes of uncounted forest emissions (47+8+190). Our suffering forests were only capable of absorbing 28 million tonnes of carbon dioxide in 2015. The numbers we are able to access demonstrate that we can expect about 217 (47+8+190-28) million tonnes of "uncounted" annual carbon dioxide emissions from B.C.’s forests, once data becomes available.
bc  ghgs  forests  extremeweather 
6 days ago by badeconomist
Opinion: What Vancouver’s impressive Empty Homes Tax revenue tells us
For anyone doing the math, a $38 million take from 2,538 vacant homes averages out at just shy of $15,000 tax paid per vacant home. Which is about what you’d pay on an empty home valued at $1.5 million, as the tax is one per cent of assessed value. This would suggest – although it is by no means definitive – that the average empty home is worth about $1.5 million, which is around the average home price in general. This tells us that not all, and not even most, empty homes are high-end mansions sitting vacant – that in fact, empty homes run the whole spectrum of the market.

Another factor to consider is what $38 million will get the city. Most of the revenue will be used for affordable housing initiatives — $8 million has already been allocated — but it will also cover one-time implementation costs ($7.5 million) and first-year operating costs ($2.5 million). Assuming the City’s projections are correct, it will have $28 million to spend on affordable housing from year one revenues. If we use the provincial government formula, evidenced by its recent affordable housing spend announcement, of about $100K per new unit, that’s enough for 280 new below-market homes. Not nearly enough, but not to be sniffed at either – and perhaps the revenues will be more next year without the upfront costs.
vancouver  bc  housing 
9 days ago by badeconomist
More low- and middle-income affordable housing on its way across B.C.
The 4,900 homes will be built under the provincial government’s $1.9 billion Community Housing Fund, which aims to build a total of 14,000 affordable rental homes over 10 years. This in turn is part of the province's 10-year commitment to build 114,000 affordable homes for British Columbians, which also includes social housing, supportive housing, shelter homes, student housing and owner-purchase units.

This initial set of affordable rental projects, which has already gone through a request-for-proposals process, will be built by non-profit housing and co-ops over the next two to three years, according to the province. The 4,900 homes will cost the province around $492 million of its $1.9 billion fund.
bc  housing 
9 days ago by badeconomist

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