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  • Writer's pictureLeah Taylor Roy

What is the carbon tax costing Canadians?

Key insights

  • ๐Ÿ’ฐ 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.

  • ๐ŸŒ 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.

  • ๐ŸŒ The cost of climate change is not factored in when assessing the effectiveness of a carbon tax.

  • ๐Ÿ’ฐ 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.

  • ๐Ÿ“ˆ 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.

  • ๐Ÿ’ก "The industrial carbon price is by far the biggest piece of the puzzle, about three times the emissions reductions of the consumer carbon price."

  • ๐Ÿ’ฐ It could be up to 48% of the emissions reductions between now and 2030, a really big chunk.

  • ๐Ÿ’ก Market-based signals, carbon pricing, and regulatory instruments with flexibility are the most effective and efficient ways to address emissions reductions.

11 views1 comment

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Chris Bennett
Chris Bennett
4์›” 08์ผ

Hi Leah,

Perhaps you could explain why HST ( a Goods and Services Tax) applies to the Carbon Tax, which is neither a โ€˜goodโ€™ nor a โ€˜serviceโ€™? It seems to me like another way of screwing homeowners. If Iโ€™m wrong about that , maybe you could explain to us in a future post why this isnโ€™t the case.

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