B.C. Carbon Tax Receives International Praise

While Ontario hasn’t stated whether it will choose a cap and trade system or a carbon tax, British Columbia`s carbon tax has received a  recent flurry of praise. In a December 8 speech  leading up to the COP Lima meetings, World Bank President Jim Yong Kim stated that “all countries should commit to put a price on carbon” and singled out British Columbia’s system as one of the most “powerful” examples…”It’s worth noting that British Columbia’s GDP has outperformed the rest of Canada’s after introduction of the tax”.
Read also: a Globe and Mail editorial of December 13, “Why Stephen Harper should Love Carbon Taxes”; Alberta Federation of Labour President Gil McGowan in “Cutting Emissions needn`t kill Jobs, Says Oilsands Labour” in The Tyee (December 8). Even well-established conservative Preston Manning, now part of the Ecofiscal Commission, appears to endorse the concept in a November 19 Globe and Mail article: “How to Communicate a Good Idea: Carbon Pricing”. Last word goes to Larry Sommers, former Secretary of the Treasury in the U.S., in his January article in the Financial Times titled “Let this be the Year we Put a Proper Price on Carbon”.

    For more factual information about carbon taxes and how B.C. has achieved revenue neutrality, see Proof Positive: The Mechanics and Impacts of British Columbia’s Carbon Tax, released by Clean Energy Canada in December. A new, much more detailed study of the effect of a carbon tax, modelling with various revenue structures, was released by the state of Oregon in December.

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