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

A Tale of Two CA’s

Canada would benefit by paying more attention to the way that one of the world's largest economies--California-- is reducing its emissions of greenhouse gases. Its cap-and-trade emission reduction program is only a part of a comprehensive portfolio of regulatory policies that have been hugely successful. Canada's federal government should drop its carbon tax and copy a couple of pages from California's playbook. Read More

Carbon price wars–BC, Ontario or Quebec?

Recently published government data show that British Columbia's revenue-neutral carbon tax scheme--once celebrated as world class--has performed dismally. Ontario and Quebec are the star performers, and it's not hard to see why. Investing carbon revenues in complementary policies that promote energy efficiency and renewable energy are the keys to reducing greenhouse gas emissions. 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