Six places where carbon pricing is working

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Climate change will be an important part of the national conversation this fall. One part of Canada’s strategy to deal with climate change has been to put a price on carbon. What’s a price on carbon? Glad you asked. It’s a charge on fossil fuels, the main drivers of climate change. The charge is based on how much carbon pollution (a.k.a. greenhouse gas emissions) the fuel produces when it is burned. For example, a litre of diesel produces more carbon pollution than a litre of gasoline, so the carbon price is higher on a litre of diesel. This creates an incentive to conserve energy, or look for alternative sources. If we want our climate to remain as stable as possible, economists overwhelmingly recommend we start by putting a price on carbon. The evidence shows that it helps the environment in a way that’s best for the economy. More to the point: carbon pricing works. It has for a long time. Here are six places where carbon pricing has worked: British Columbia We don’t have to go far for our first example. British Columbia adopted a carbon tax in 2008 and hasn’t looked back. Its economy has grown at one […]

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