Tuesday, August 23, 2016

The Carbon Tax in British Columbia is Working Well

I missed this article by Michael Purzycki in the Washington Monthly when it first came out but it's worth posting about now. It's a painfully clear reminder that we know how to beat climate change, it's all a matter of finding the political will and muscle to get it done.

The tax has had undeniably significant effects on the province’s consumption of fossil fuels and, as a consequence, its carbon emissions ... petroleum use per capita fell more than 16% in BC in the first five years of the carbon tax, while it rose 3% in the rest of Canada during the same period ... Canada’s Tokyo target [in global climate change accords] was a 6 percent reduction in 20 years.

And, no, the tax has not hurt British Columbia's economy either.

Link:  A Model Carbon Tax

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