Wednesday, August 17, 2022
No Result
View All Result
  • Media
Support Us
Macdonald-Laurier Institute
  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
    • Jobs
  • Experts
  • Issues
    • Domestic Policy Program
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Energy
      • Health Care
      • Justice
      • Social issues
      • Telecoms
    • Foreign Policy Program
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs Program
  • Projects
    • COVID and after: A mandate for recovery
    • COVID Misery Index
      • Beyond Lockdown
    • Provincial COVID Misery Index
    • Centre for Advancing Canada’s Interests Abroad
      • Dragon at the Door
      • The Eavesdropping Dragon: Huawei
    • An Intellectual Property Strategy for Canada
    • Speak for Ourselves
    • Canada and the Indo-Pacific Initiative
    • DisInfoWatch.org
    • The Transatlantic Program
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Talkin’ in the Free World with Mariam Memarsadeghi
    • Past Projects
      • Justice Report Card
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
  • Events
    • Upcoming Events
    • Past Events
      • MLI Dinners
      • Great Canadian Debates
  • Latest News
  • Libraries
    • Inside Policy Magazine
      • Inside Policy Back Issues
      • Inside Policy Blog
    • Papers
    • Columns
    • Books
    • Commentary
    • Straight Talk
    • Video
    • Multimedia
    • Podcasts
    • Leading Economic Indicator
    • Labour Market Report
    • MLI in the Media
  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
    • Jobs
  • Experts
  • Issues
    • Domestic Policy Program
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Energy
      • Health Care
      • Justice
      • Social issues
      • Telecoms
    • Foreign Policy Program
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs Program
  • Projects
    • COVID and after: A mandate for recovery
    • COVID Misery Index
      • Beyond Lockdown
    • Provincial COVID Misery Index
    • Centre for Advancing Canada’s Interests Abroad
      • Dragon at the Door
      • The Eavesdropping Dragon: Huawei
    • An Intellectual Property Strategy for Canada
    • Speak for Ourselves
    • Canada and the Indo-Pacific Initiative
    • DisInfoWatch.org
    • The Transatlantic Program
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Talkin’ in the Free World with Mariam Memarsadeghi
    • Past Projects
      • Justice Report Card
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
  • Events
    • Upcoming Events
    • Past Events
      • MLI Dinners
      • Great Canadian Debates
  • Latest News
  • Libraries
    • Inside Policy Magazine
      • Inside Policy Back Issues
      • Inside Policy Blog
    • Papers
    • Columns
    • Books
    • Commentary
    • Straight Talk
    • Video
    • Multimedia
    • Podcasts
    • Leading Economic Indicator
    • Labour Market Report
    • MLI in the Media
No Result
View All Result
Macdonald-Laurier Institute

One carbon strategy is enough: Jack Mintz in the Financial Post

December 18, 2020
in Columns, Domestic Policy Program, Economic policy, In the Media, Jack Mintz, Latest News
Reading Time: 2 mins read
A A

Adding on needless regulations and budget-blowing subsidies, all while going it alone, could make carbon-pricing the most-cost way to reduce emissions, writes Jack Mintz in the Financial Post. Below is an excerpt from the article which can be read in full here. 

By Jack Mintz, December 18, 2020 

Give credit to the federal Liberals. It takes chutzpah to announce a 567 per cent increase in a tax during a pandemic-induced recession. Sure, the carbon tax will take 10 years to rise from $30 this year to $170 per tonne in 2030. Most Canadians won’t notice. And even when fuel and heating costs start hitting their bank accounts in a serious way, mid-decade, many will be comforted by rebate cheques — for as long as those continue. Those rebates in 2030, however, won’t cover potentially $5 billion in new revenues from GST/HST applied to carbon taxes embedded in energy prices.

Businesses have a long-term perspective, however, and most don’t get rebates. They need to decide today whether their investments will be profitable in the next decade or more. With mounting public debt and looming “reset” social policies, investors will expect more taxes and regulations coming down the road — the carbon plan being merely the first.

The Liberal plan relies not only on a steeply rising carbon tax but also on new regulations, such as the clean fuel standard and at least $12 billion in subsidies for electric vehicles, building retrofits, and green infrastructure and technologies. It aims to achieve in 10 years what hasn’t been done in the past 15.

It is one thing to pick a target, but it is another to design the least-cost approach without racing ahead of the rest of world. This plan won’t do it.

Since 2005, greenhouse gas emissions (excluding credits for forest absorption of carbon) have virtually stayed the same. True, they are expected to fall by 15 per cent this year alone but that took an unprecedented recession with widespread layoffs and bankruptcies to accomplish. For most Canadians, economic calamity to reduce emissions is not a good idea.

***TO READ THE FULL ARTICLE, VISIT THE FINANCIAL POST HERE***

Tags: carbon pricingcarbon taxeconomic policyeconomyJack Mintztaxation
Previous Post

How Does China View Canada As a World Power: Christian Leuprecht on the Forum Daily

Next Post

A year when Big Tech did better than Big Gov: Philip Cross in the Financial Post

Related Posts

Iran Is About to Murder Another Journalist: Mariam Memarsadeghi in the Tablet
Columns

Iran Is About to Murder Another Journalist: Mariam Memarsadeghi in the Tablet

August 16, 2022
An Era of Great Power Competition: Implications for the United States and Canada
Foreign Policy Program

An Era of Great Power Competition: Implications for the United States and Canada

August 15, 2022
Poilievre’s spirit hung over Centre Ice Conservatives like Banquo’s ghost: Jack Mintz in the National Post
Columns

Poilievre’s spirit hung over Centre Ice Conservatives like Banquo’s ghost: Jack Mintz in the National Post

August 15, 2022
Next Post
A year when Big Tech did better than Big Gov: Philip Cross in the Financial Post

A year when Big Tech did better than Big Gov: Philip Cross in the Financial Post

Macdonald-Laurier Institute

323 Chapel Street, Suite #300
Ottawa, Ontario
K1N 7Z2 Canada

613.482.8327

info@macdonaldlaurier.ca
MLI directory

Follow us on

Newsletter Signup

First Name
Last Name
Email Address

Support Us

Support the Macdonald-Laurier Institute to help ensure that Canada is one of the best governed countries in the world. Click below to learn more or become a sponsor.

Support Us

Inside Policy Magazine

  • Current Issue
  • Back Issues
  • Advertising
  • Inside Policy Blog
  • Privacy Policy

© 2021 Macdonald-Laurier Institute. All Rights reserved.

No Result
View All Result
  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
    • Jobs
  • Experts
  • Issues
    • Domestic Policy Program
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Energy
      • Health Care
      • Justice
      • Social issues
      • Telecoms
    • Foreign Policy Program
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs Program
  • Projects
    • COVID and after: A mandate for recovery
    • COVID Misery Index
      • Beyond Lockdown
    • Provincial COVID Misery Index
    • Centre for Advancing Canada’s Interests Abroad
      • Dragon at the Door
      • The Eavesdropping Dragon: Huawei
    • An Intellectual Property Strategy for Canada
    • Speak for Ourselves
    • Canada and the Indo-Pacific Initiative
    • DisInfoWatch.org
    • The Transatlantic Program
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Talkin’ in the Free World with Mariam Memarsadeghi
    • Past Projects
      • Justice Report Card
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
  • Events
    • Upcoming Events
    • Past Events
      • MLI Dinners
      • Great Canadian Debates
  • Latest News
  • Libraries
    • Inside Policy Magazine
      • Inside Policy Back Issues
      • Inside Policy Blog
    • Papers
    • Columns
    • Books
    • Commentary
    • Straight Talk
    • Video
    • Multimedia
    • Podcasts
    • Leading Economic Indicator
    • Labour Market Report
    • MLI in the Media

© 2021 Macdonald-Laurier Institute. All Rights reserved.

IDEAS CHANGE THE WORLD!Have the latest Canadian thought leadership delivered straight to your inbox.
First Name
Last Name
Email address

No thanks, I’m not interested.