Putting a price on carbon does not, actually, bring an economy to a screeching halt

The oft-repeated tenet that a carbon tax will cripple the economy is bullshit:


“The B.C. carbon tax is built on a simple tenet of human behavior: When the price of something goes up, people will consume less of it. It actually applies to not just gasoline, but to all sources of atmospheric carbon, including natural gas and propane, and is based on how much carbon they emit. For example, since natural gas burns cleaner than gasoline, it is taxed at a lower rate. This ensures emissions are price...

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Published on July 06, 2014 11:34
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