British Columbia’s Carbon Pricing Works Well

carbon output

British Columbia shows carbon pricing works while another province looks uselessly backwards.

The regressive and antidemocratic Ontario “conservative” government is set to sue the Canadian government for protecting the environment. The argument by the Conservatives is basically that an economy allowed to inefficiently consume non-renewable resources is good and that sustainable policy (carbon pricing) is bad. Yes, it’s as ludicrous as it sounds.

Hopefully this wasteful battle between governments ends in the environment’s favour. If Ontario just followed British Columbia’s lead this wouldn’t be an issue and arguably the economy would be in better shape. In B.C. the carbon pricing has reduced emissions while making a more energy efficient economy. Sustainable businesses are seeing growth in B.C. that they wouldn’t see elsewhere.

“This carbon tax is a model for the world that well-designed carbon pricing can be good for the environment and the economy. In the 11 years since B.C. brought in its carbon tax, it’s outpaced the rest of Canada both on emission reduction and GDP growth,” said Stewart Elgie, a professor of law and economics at the University of Ottawa.

In the meantime, numerous researchers have tried to determine the impact of the tax. According to a 2015 paper, B.C.’s emissions had dropped by between five and 15 per cent since the tax was implemented, and it had a “negligible impact” on the overall economy.

Elgie, of the University of Ottawa, was part of a wide-ranging 2013 study that showed a 19 per cent drop in B.C.’s per capita fuel consumption in the first four years of the tax, while the province’s economy slightly outperformed the rest of the country.

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