Canada Unleashes First Carbon Tax in N. America : Gas 2.0
Rated • 9 reviews • environment, global warming, carbon tax • gas2.org
This is an important step by one province in Canada (British Columbia). At least this taxing of carbon emissions can provide a model for all the other countries that are less imaginative or more fearful.
From the page: "Beginning July 1st, 2008, businesses and residents of British Columbia will be taxed $10 per metric ton of carbon emitted by fuels such as gasoline, diesel, natural gas, coal, propane, and home heating fuel. The tax will increase yearly by $5 per ton to $30 per ton in 2012, at which point the government will reevaluate the tax rate.
Nicholas Rivers, an economist at Simon Fraser University, commented that the tax comes in slowly, ramps up over time, and uses the revenue in a neutral way to reduce other distortionary taxes in the economy, which is just what economists have been recommending for more than a decade."
