Carbon tax – will the feds change their minds?

Environmentalists and energy producers, who don’t agree on much, sometimes do agree. And for many in both camps, a carbon tax is a better way to go than what the current federal government endorses: a US-style regulatory approach to controlling emissions.

As Stikeman Elliott’s Canadian Energy Law pointed out:

Energy industry critics and environmental groups have endorsed the carbon tax model citing the high bureaucratic involvement and low flexibility of regulations, and arguing that a market-based approach minimizes administrative costs and maximizes mechanisms to price the cost of greenhouse gases.

An academic paper recently released by the University of Calgary School of Public Policy, written by Simon Fraser University professor Nancy Olewiler, seems to back this up. Her paper recommends the federal government institute a carbon tax as part of a full-cost pricing system.

Olewiler is presenting her views to the Natural Resources Minister today at the Manning Networking conference.

Olewiler recently told the Globe and Mail:

The task is daunting to say the least, but the sooner we get started, the better in terms of using all our natural resources wisely and insuring they’ll be here for future generations.

An energy industry spokesperson was also quoted in the Globe story to be in support of a carbon tax:

Imperial Oil believes any climate policy should ensure the cost is applied evenly across the economy, maximize market mechanisms and minimize complexity and administrative costs, company spokesman Jon Harding said.

A carbon tax “is aligned with more of these key principles” than the cap-and-trade systems or regulatory approaches, Mr. Harding said in an e-mail.

Tim Wilbur

One comment on “Carbon tax – will the feds change their minds?

  1. Property Tax Lawyer
    March 27, 2012 at 2:43 am #

    This post is so informative and great idea bout carbon taxes….i enhance my knowledge of carbon tax through ur blog

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