Why is it important for Canada to move away from a carbon-based economy? If we take seriously the science regarding the causes and consequences of climate change – and I certainly think we should – then the entire world will need to make a transition away from carbon-based fuels and products over the next several […]
It’s useful to remember that carbon pricing isn’t just a Canadian phenomenon. International momentum is growing as well. In this blog, I take a look at some of the outcomes of the international climate change negotiations held in Bonn last week, and the prospects for international carbon markets. Moving forward at Bonn On April 22 […]
by Bev Dahlby, Jim Dinning and Chris Ragan Last week, Alberta introduced legislation to enable its new policy for reducing greenhouse-gas emissions. At the core of the policy is an economy-wide carbon price that will generate revenues to be recycled back into the economy. The bottom line, at least based on what we know so […]
You may be surprised to learn this, but economists are not the same as “normal” people. The main difference relates to how the two groups think about markets and prices. Most people, including elected politicians, don’t think much about the workings of markets and prices. This is a serious problem when it leads to the […]
The British Columbia government is planning to announce the next phase of its carbon tax some time in June, and it is coming under plenty of pressure. Environmental groups want the carbon tax to keep rising so the province can achieve its aggressive target for reducing greenhouse gas emissions. Parts of the business community are […]
In previous blogs, we’ve explored how carbon pricing is expected to affects households with different income-levels and how different revenue recycling options can address potential fairness issues for low-income households. In this last blog of the series, we address additional fairness issues such as the impact on rural and urban households. There are multiple dimensions […]