Critics of California’s cap-and-trade program, implemented 10 years ago with a goal of limiting carbon emissions, say it is increasing the cost of energy in the state while failing to fulfill its mission, as well as endangering vulnerable communities in the process. The program limits the amount of carbon produced by companies and requires those…
Californians Paying the Price for State’s Energy Policies on Cap-and-Trade: Critics
July 14, 2023
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Carbon Tax Hike Highlights High Cost of Federal vs Quebec Pricing Schemes
News Analysis The April 1 increase in the federal carbon tax to $40 per tonne highlights the high cost of the federal pricing scheme compared with the cost to Quebecers under their provincial cap-and-trade policy, whose current carbon price is roughly half that amount. Trevor Tombe, an economics professor at the University of Calgary, said…
Carbon Tax Hike Shows High Cost of Federal Scheme vs Quebec’s
News Analysis The April 1 increase in the federal carbon tax to $40 per tonne highlights the high cost of the federal pricing scheme compared with the cost to Quebecers under their provincial cap-and-trade policy, whose current carbon price is roughly half that amount. Trevor Tombe, an economics professor at the University of Calgary, said…
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