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Canada Federal Carbon Dioxide CO2 Tax
August1991 posted a topic in Federal PoliticsThere is no other feasible solution to limiting Canada's CO2 emissions which are a major source of greenhouse gas emissions. A regulated solution will just lead to another bureaucratic dance orchestrated from Ottawa. Nor can the federal government pass this ball off to provincial governments. Only a federal tax will work. Ideally, the feds must impose a tax on anyone who emits CO2 into the atmosphere. The tax should apply at the moment of emission (or as close to that as possible) so that we create the correct incentives to limit them. This would also create an incentive to develop mechanisms for sequestration. I would suggest two approaches to a carbon tax: First, start small with the potential to ratchet up the tax according to its effects. Second, return all carbon tax revenues to the province where the tax was collected. The revenues of the carbon tax could be refunded to the provincial governments or ideally to individuals. This is the simplest, most cost effective way to deal with this problem. Offsets are not a solution and risk to become another placebo. (Offsets are the latest stylish buzz word. People as varied as David Suzuki, the Bare Naked Ladies and Lancome's supermodels all employ offsets. This means they give money abroad and then claim that this reduces the CO2 emissions equal to the emissions of their own travel and lifestyle. Offsets are a private version of Kyoto.)