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Will the CAI solve our climate-policy problem and end eco-micro-management?
The CAI. Not the CIA, which may or may not be working on our climate-policy problem, who knows? It works on lots of things so it may be working on that, too. Rather, the CAI is the Trudeau government’s new “Climate Action Incentive,” ...
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Interpret new carbon tax study with caution
Recently, a group called Canadians for Clean Prosperity (CCP) released a study arguing that the vast majority of Canadian households would receive more money (in the form of carbon dividend cheques) than they would pay in carbon taxes. ...
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Competitiveness should be a top priority for finance ministers
Serious concerns about the country’s competitiveness hovered above talks this week at the federal-provincial finance ministers meeting in Ottawa. Which is not surprising. Canada has become a less appealing place to do business due to ...
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The finance minister said what? Part 3
This third installment in what has unfortunately become an ongoing series of blog posts examining statements by Canada’s federal Finance Minister Bill Morneau (pictured above) focuses on recent comments made during testimony before the ...
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The high cost of getting climate policy wrong
The Internet is abuzz over a recent report by the Parliamentary Budget Office (PBO) that shines some light on the potential impact of the federal carbon tax plan on Canada’s economy. Specifically, the report shows that the carbon price ...
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Rolling back carbon taxes—here’s how
When I talk about rolling back carbon taxes, I get a range of replies, ranging from “why do you want to destroy the Earth” to “you can’t do that because Trudeau has federalized it!” Another reply I get (usually said sarcastically) is “Oh ...
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GST revenues from carbon-pricing—likely another tax grab
This week, as Canadians were sliding into their holiday mindset, the Parliamentary Budget Officer (PBO) released a report estimating the GST revenues collected by the federal government through existing carbon-pricing schemes in four ...
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Carbon tax advocates flip-flop on revenue neutrality
For many years, advocates of carbon taxes have acknowledged the necessity of “revenue neutrality” as a means of mitigating the economic damages such tax measures cause to households and the economy. In normal economic parlance, “revenue ...
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Economists Olewiler and Kesselman get the economics wrong on B.C.’s carbon tax
In recent Vancouver Sun column, Simon Fraser University economists Nancy Olewiler and Rhys Kesselman dispute an earlier column by three Fraser Institute economists (Kenneth Green, Elmira Aliakbari and Ashley Stedman), which criticized ...
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Realities of carbon pricing in Canada and beyond
Appeared in the Globe and Mail, March 6, 2017 There’s a general, indeed a strong consensus, within the economic community that a properly designed carbon tax can both reduce emissions and improve the economy. We broadly agree with this academic analysis. ...