According to 11 out of every 10 economists, the best way to reduce carbon dioxide emissions is to implement a carbon tax. So then why are Canadians getting carbon taxes plus all other tax, subsidy and regulatory options? Earlier this year, 27 Nobel Prize-winning economists made the same argument in support of a similar U.S. carbon tax proposal. “A sufficiently robust and gradually rising carbon tax will replace the need for various carbon regulations that are less efficient,” the economic experts advised. We’re getting carbon taxes plus new regulations plus old regulations plus the unintended consequences of how all this will interact.

Source: National Post April 25, 2019 14:15 UTC