1. puts a price on carbon pollution via a carbon tax
2. rebates all the money from the tax back to households and businesses
3. increases the tax and rebate gradually over time to encourage further emissions reductions
4. encourages innovation and new technology
why a carbon tax?
A price on carbon pollution motivates people to change their behaviour. When something is more expensive, people find alternatives that will help them save money.
A rebate means the cost of the carbon tax is offset for those people who can’t use those alternatives. It rewards people who do make changes, reinforcing the fact that they’re doing the right thing.
where carbon pricing
Canada’s not alone
40+ countries are putting a price on carbon
British Columbia’s done it
It’s the fastest growing economy in Canada and has had a carbon tax for over 10 years
in the last 10 years
The UK has reduced emissions to levels not seen since the 19th century
world’s first carbon tax
Sweden introduced the one of the world’s first carbon taxes in 1991, reducing emissions while growing its economy
Manning has argued that “simple, revenue-neutral carbon pricing is the most conservative approach available to fighting emissions”