April 18, 2024
Steve Ambler, professor emeritus of economics at the University of Quebec in Montreal, wrote recently in The Hub, that while economists generally agree a carbon tax is the most efficient way to reduce emissions, Trudeau is undermining its effectiveness.

PM’s carbon tax defence is incoherent

The more Prime Minister Justin Trudeau defends his climate change plan, the more incoherent he sounds.

On the one hand, Trudeau insists his carbon tax, which went up by 23% on Monday to $80 per tonne of industrial greenhouse gas emissions from $65 per tonne, on its way to $170 per tonne in 2030, is the most efficient way to reduce emissions linked to climate change.

But on the other, he says his carbon tax — meaning the federal fuel charge, which raised the cost of gasoline, natural gas and 20 other forms of fossil fuel energy on Monday, plus the output-based pricing system for large emitters — will only account for one-third of Canada’s planned emission cuts in 2030.

That means Trudeau is leaving two-thirds of the job of cutting emissions to new government regulations and public subsides that he himself has described as “the heavy hand of government” as opposed to his “market-based” carbon tax, which he prefers.

But if he believes that, why has his government also introduced “clean fuel” and “clean electricity” regulations, a “Regulatory Framework for an Oil and Gas Sector Greenhouse Gas Emissions Cap” and “regulated targets for zero-emission vehicles” under “Canada’s Electric Vehicle Availability Standard”?

As for public subsidies, Trudeau has already launched Canadian taxpayers into a multi-billion-dollar public subsidy war with the U.S. to attract EV battery plants to Canada.

Interesting Read…

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