And ideal model of pricing carbon would include 100 per cent rebates of revenue.
Governments could facilitate the use of natural gas to replace diesel fuel and gasoline.
Washington State voters rejected a proposed US$15 per tonne carbon tax.
Handouts are far costlier than emission tax revenues to fund reductions in other tax rates.
The federal carbon price will reach $50.00 per tonne by 2022.
For carbon pricing to be efficient and economically benign, it must be emplaced in lieu of regulations.
One reason for a federation is to pursue different approaches to policy.
The plan doesn’t account for job losses, lower wages and reduced investment when calculating the impacts of the carbon tax on Canadian households.
The Trudeau government plan relies on rebates to households instead of reductions in tax rates.