CO2-Taxes in Canada – It Works

According to Stephen Harper, Prime Minister Taxes on CO2 and higher energy prices screw everybody. Well, apparently not British Columbians. Three years ago the Canadian province introduced a gradually rising tax on CO2 emissions and thus energy while redistributing the additional money back to the people by lowering income taxes. Heavy polluters had to pay more and energy efficient people and companies enjoyed a net benefit. Now first conclusions can be derived and guess what? British Columbians not only have lower CO2 emission than the rest of Canada, but they have also lower taxes and a strong economy. No wonder that a majority is in favour of the scheme.

On-green-policy! The oil industry and other dirty business lobbyists don’t get tired (and out of money) to get their message across: a CO2 tax directly and inevitably leads to economic downturn. Well, they consistently fail to backup up this claim with anything more than scare mongering but actually quiet unreasonable assertions. Strange enough most politicians still seem to believe in them. Think it through. Wouldn’t you agree to buy a smaller car that saves on gas (and co2 emissions) and get a substantial tax cut in return? I am sure that would be an intriguing offer also for the remaining Canadians and of course for the rest of us. Sure you do, and now you will want to give your vote and support to politicians who actually care  about their constituency’s true interest and do the right thing right. Smart CO2 taxes do not hamper neither the economy nor the consumer but make both more energy efficient, more competitive and less dependent on foreign energy sources. Let the bright example from British Columbia lead the way.

Source: The Economist

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