Key insights
💰 Eight out of 10 Canadian families in areas where the price on pollution applies get more money back every year than they pay in the price on pollution.
🌍 Chris Reagan argues that carbon pricing is the least expensive and least intrusive option for the economy to accomplish climate goals, compared to subsidies and regulations.
🌍 The cost of climate change is not factored in when assessing the effectiveness of a carbon tax.
💰 The idea of using carbon pricing to lower emissions is weighed against the economic impact of extreme weather events, making it a complex and controversial issue.
📈 Relying solely on the price of a liter of gas going up by 3.3 cents is limiting, as it doesn't account for the economic benefits and future costs of transitioning to a net zero economy.
💡 "The industrial carbon price is by far the biggest piece of the puzzle, about three times the emissions reductions of the consumer carbon price."
💰 It could be up to 48% of the emissions reductions between now and 2030, a really big chunk.
💡 Market-based signals, carbon pricing, and regulatory instruments with flexibility are the most effective and efficient ways to address emissions reductions.