When policy makers think about climate change they sometimes take into consideration the whole impact of carbon regulation and reduction. The commonly held myth is that reducing carbon emissions will negatively impact the economy, now we have better numbers to help people no longer fall into believing that myth. Indeed, when the true cost of carbon is taken into consideration it’s clear that the worst carbon emitters ought to be charged tons more.
He said this year it’s even higher, at $261 per tonne of emissions, and by 2030 it will rise to $294.
“Pause for a moment to understand what this signifies,” Guilbeault said.
“Every tonne of carbon we reduce this year saves society as a whole $261 — and we are talking in terms of cutting megatonnes: millions of tonnes.”
Thanks to Delaney!