The case against a revenue-neutral carbon tax

I’m a fan of carbon taxes, but increasingly I see the term “revenue-neutral” attached to it. Where I live, in BC, we have perhaps the most prominent example of a revenue-neutral carbon tax, and carbon tax advocates have come to promoting the BC model to other jurisdictions, such as Ontario, who are…
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Financial Risk and Alberta’s Tar Sands

When it comes to global warming, the Intergovernmental Panel on Climate Change notes that what matters is the total volume of greenhouse gas emissions going forward. This amounts to about 30 years of emissions at current levels – a global carbon budget that would provide the world a 66% chance of…
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Will Enbridge’s Pipeline Ever Get Built?

You have to wonder why the Harper government bothered with process at all. It’s like there was never any doubt that Enbridge’s Northern Gateway pipeline would get approved. But historians may look back on this moment as the beginning of the end of pipeline politics. Opposition to Enbridge’s Northern Gateway…
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LNG: BC’s Quest for a New Staple Industry

I have a post as part of a new series from the Progressive Economics Forum celebrating 50 years of Mel Watkins’ publication of “A Staple Theory of Economic Growth.” Watkins’ piece follows the insight of Harold Innis to develop an understanding of economic growth uniquely rooted in the Canadian experience….
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IPCC: Time for a Global Carbon Budget

Political commitments on climate action, to the extent they exist, are usually pitched in terms of targets and timelines. BC, for example, has a legislated target of 33% below 2007 levels by 2020; Canada’s official target is a 17% reduction by 2020 relative to 2005 levels. Neither target will be…
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Economist <3 car-sharing

It started with a car accident in February, and the total loss of our 2004 Prius, which had only been ours for less than a year. We were quickly compensated for its market value and were in a position to buy another car, but we held off due to a…
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