It was probably not surprising that the western, conservative, and resource-heavy provinces of Manitoba and Saskatchewan either repealed or refused to enact their own carbon taxes. The carbon tax, already €44.6 per ton of carbon dioxide emissions, is due to double by 2022. Carbon dividendsSome believe that rebating carbon tax revenue to households is a way to build public support for the initiative. But it is important to distinguish those gas taxes from taxes aimed at mitigating climate change. And until that changes, or unless they can find another, more politically attractive use for the revenue, supporters of carbon taxes face a long uphill battle.

Source: Forbes December 27, 2018 20:26 UTC