Title: Carbon Pricing In Alberta
Author: Robert P. Murphy
Publisher: The Frasier Institute
Date: February 27th, 2019
- Supplemental goals undercut the logic of carbon pricing, in which policymakers use a carbon tax to correct incentives and then allow the market to find the least-cost methods of reducing emissions.
- Another problem of the design of the climate leadership plan is that it uses the receipts of its carbon tax to fund “green” projects, rather than using the funds to minimize the impact of higher prices on consumers.
- Alberta’s Climate Leadership Plan will reduce the province’s economic growth at a far higher cost than necessary to achieve a very modest impact on global climate change.