The logic of the carbon tax is that it should be the only government incentive.
There’s scant evidence the carbon tax has helped reduce greenhouse gas emissions.
Canada plans to impose a punitive tax on carbon to discourage emissions, at $170 per tonne by 2030.
So-called “clean” energy sources will not be able to entirely replace fossil fuels in the near term.
The Trudeau government recently announced a federal grant of up $420 million to Algoma Steel.
If Canada removed all fossil-fuel cars from the roads, emissions would only drop by 5 per cent.
Cutting emissions by 25 per cent would impose a permanent cost of about 2.0 per cent of GDP.
If you think we need to reduce CO2 emissions, use a single targeted policy to reduce CO2 emissions.