To Meet Climate Targets, Canada Will Need A Much Higher Carbon Tax

Funny how this works, right? Put in a tax to solve something, then raise it more and more

Canada needs much higher carbon tax to meet climate target: study

Canada’s projected carbon tax must be more than quadrupled over the next 10 years to meet its Paris Agreement commitment to slash CO2 pollution, economists said in a report Wednesday.

Carbon pricing is the primary measure undertaken so far by Prime Minister Justin Trudeau’s government to reduce Canada’s greenhouse gas emissions by 30 percent from 2005 levels by 2030.

Introduced earlier this year, the fuel levy — one of the few of its scope in the world — was applied to four of Canada’s 10 provinces that have not brought in their own equivalent measures.

It was initially set at Can$20 per ton of emissions, adding four cents to the cost of a liter of gasoline, and is set to rise incrementally to Can$50 per ton.

But the Ecofiscal Commission — an independent group of academic economists and former Canadian political leaders — said in a report this “will not be enough to ensure that the country meets its international commitments.”

“Our analysis indicates that this is possible if the national price of carbon reaches Can$210 (US$160) per ton by 2030,” which represents an increase of about 40 cents per liter of gasoline.

They should remember what happened in Paris and other parts of France when they went to raise the fuel tax even more. The Yellow Vest protests are still going on. You had big protests in the Netherlands over policies and taxes. And a protest in Dublin, Ireland.

On the plus side, the national and province governments of Canada haven’t said they would raise the carbon taxes. Yet. However, it’s always interesting that Warmists always recommend taxes, rather than that Warmists give up their own use of fossil fuels and make their lives carbon neutral.

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One Response to “To Meet Climate Targets, Canada Will Need A Much Higher Carbon Tax”

  1. Dana says:

    Not being a Canuck, I do not particularly care if the Canucks tax themselves more highly.

    But Canada isn’t exactly a tropical paradise: their winters are long and bitterly cold, so, naturally, the thing to do is increase taxes on gas and heating oil. Just wait until they throw a carbon tax on heating with wood stoves, the way a lot of Canadians do out in their sparsely-populated areas.

    It has long been a wry joke that if governments could put a tax on breathing, they would. This isn’t a tax on breathing, but let’s put it bluntly: it’s a tax on survival.

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