What’s in the carbon toolbox?

What's the best way to bring down emissions of greenhouse gases? Economists assert that a carbon tax or a cap-and-trade mechanism is the best way to achieve substantial emission reductions. But there is solid evidence that regulatory measures and legislating standards work faster and achieve deeper cuts. Read More

Knee-capping Ontario

Ontario's new provincial government has acted recklessly and irresponsibly in shutting down the cap-and-trade emissions trading scheme the province set up with Quebec and California. Cap and trade has substantially reduced Ontario's emissions of greenhouse gases, and carbon revenues have financed strong growth in energy efficiency and state-of-the-art low-carbon technologies. This progress has now ground to a halt. Read More

Pricing carbon: regressive or not?

Economists don't always agree: but they all seem to like the idea of setting a price on carbon. Either through a carbon tax or an emissions trading scheme, a levy on carbon appears certain to eventually reduce emissions of greenhouse gases. But at a price. The poorest sector of the population carries a disproportionately greater burden. It's a regressive tax. Is there a way to reduce emissions without penalizing low-income families? Read More

Carbon dioxide emissions cap and trade

California, Ontario and Quebec are cooperating on a successful program to reduce carbon emissions through a cap and trade mechanism. Ontario should collaborate with other California programs such as electric vehicles and promoting household photovoltaic systems with energy storage. Read More