British Columbia has a world-class carbon tax. It’s been working for almost seven years, cutting pollution and pumping money into other parts of the economy, like the pockets of businesses and households who now pay lower taxes. Jealous decision-makers down here in Oregon and Washington might be asking “Yes, but how how did they start taxing pollution and helping businesses and residents? How did they do it?” Clean Energy Canada set out to answer your anguished questions by interviewing 13 of the architects of British Columbia’s carbon tax. Below are their 10 takeaways about a carbon tax, along with a little explanation and my take.
1. A carbon tax and a thriving economy can co-exist.
[prettyquote align = “right”]“The numbers speak for themselves. In the last five or six years, B.C. has outgrown most of the rest of Canada, and has had significantly less emissions than the rest of Canada.” —Ross Beaty, Executive Chairman, Alterra Power[/prettyquote]
True, that.
Every single interviewee agreed that the carbon tax has not harmed the economy. Some interviewees noted that carbon-funded corporate tax cuts have helped attract businesses to the province.
Hear that, Oregon and Washington? Making prices tell the truth about the cost of pollution is at worst neutral for the economy and at best good for business.
