The federal government announced this week that its carbon tax will apply in early 2019 to those provinces without their own – Saskatchewan, Manitoba, Ontario and New Brunswick. It also announced that most of the carbon-tax revenues will be returned through the income-tax system to households. With this two-part policy, the feds have designed a […]
Yesterday, the federal government announced the details of its carbon pricing “back-stop.” The plan lays out an approach to filling the gaps across Canada in provinces that aren’t implementing their own carbon pricing policies. It also considers the net impacts on people in those provinces. The upshot? The system is a simple, transparent approach to putting […]
On Monday, the Intergovernmental Panel on Climate Change (IPCC) released its latest report, affirming that humanity has about a decade to hold global temperature increases to 1.5 degrees C. Hours later, William Nordhaus became a co-recipient of the Nobel Prize for economics. His work was some of the first to describe how our climate and economy […]
Clean Prosperity and EnviroEconomics published a report recommending the federal government rebate carbon-pricing revenues directly to households. The key takeaway: Implementing a carbon price and issuing these ‘carbon dividends’ could make a majority of Canadian households better off. It’s a valuable finding. But you might ask: What’s the point if you’re just giving the money […]
To decarbonize on a timescale necessary to avoid the worst of climate change, business as usual is not going to cut it. We need policies to give ourselves the necessary boost, policies that drive deep emissions reductions. And there’s an abundance of evidence that carbon pricing can do exactly that. Done right, it is most […]
Earlier this week, we learned that the federal government is making some changes to its carbon pricing system; specifically, the part that will apply to industrial sectors. While the design choice is an important one, its significance has been blown out of proportion. Let’s take a look at the change and what it means. A […]