Or it is retreating from carbon pricing as the means of achieving them. The report was not proposing the carbon tax be hiked to $102 overnight, but over the next eleven years (introduced this April, it currently sits at $20). So either it is backing away from the target, or it is backing away from the tax. And the impact would be even less if the carbon tax were used as a replacement for existing policies, rather than as a supplement. Far from providing “ammunition” to the Conservatives, the PBO study confirms how relatively benign the impact of the carbon tax would be.

Source: National Post June 14, 2019 23:24 UTC