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We pay far more than carbon taxes under federal climate policy
In reality, given their costs, climate change policies are economic policies, which impact our cost of living
Heading into the next federal election, it’s important to understand that maintaining and increasing the federal carbon tax (Liberals) or killing it (Conservatives), accounts for only a fraction of the total costs Canadians are paying when it comes to addressing climate change.
While debate over the federal carbon tax – in this context the federal fuel charge paid by consumers on gasoline, natural gas and 20 other forms of fossil fuel energy – has dominated the debate about federal climate policy, it has also created the misleading public perception that the fuel charge is the be-all and end-all of the Liberals’ climate change agenda.
In fact, the fuel charge accounts for only a small part of the costs associated with these Liberal policies.
Indeed, the Trudeau government doesn’t even keep track of how much the fuel charge on consumers reduces Canada’s industrial greenhouse gas emissions.
Rather, it guesstimates the fuel charge, combined with a second carbon tax known as the output-based pricing system for large industrial emitters, will reduce Canada’s emissions by roughly one-third of its goal of cutting them to 40% to 45% below 2005 levels by 2030.
See Also:
Trudeau says economy is great, Canadians can see truth
