Is This How You Cut Greenhouse Gas Emissions Without Hurting The Economy?
Ask economists what to do about climate change, and some will say a carbon tax is the best solution. But that doesn’t mean there are carbon taxes everywhere. Just the opposite. Governments have tended to go with options that are easier politically, like subsidizing cleantech industries, if they’ve gone for anything at all.
British Columbia is an exception. In 2008, it introduced a tax on about three-quarters of the fossil fuels consumed in the province, gradually raising the level year-by-year. By mid-2012, it was charging $30 U.S. dollars per ton of carbon dioxide. That means drivers now pay about seven cents a liter more for gas than they did five years ago.
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