Carbon Tax In Canada

The carbon tax could positively influence our society environmentally to further strengthen our future. It encourages alternatives such as public transit, carpooling and even biking due to the elevated gas prices. The tax will also intend for households to not take their electricity for granted and utilize it as a scarce resource. “It increases social efficiency by making people aware of the full social cost” (Pettinger Paragraph 9). This relates back to the Paris Agreement which was signed by the federal government of Canada to reduce greenhouse gas emissions and a carbon tax will be of use in order to achieve the goal. Canadian policies will create incentives to develop low carbon and technology for countries investing in renewable energy. According to Hodgson, “The Conference Board of Canada is conducting research to understand better the low-carbon business and trade opportunities for Canadian firms. Unfortunately, many European countries—and now China—are more advanced in their
In addition, 77% of Canadians are supporting our federal government in pursuing a national plan to meet the expected climate commitments. Meanwhile, 62% are in favour of a nation-wide carbon tax (Linnit 2016). This proves the majority of Canadians are encouraging the potential tax that is put in place to save our planet. According to Harvard professor George Mankiw, carbon tax is a great idea for every country to initiate since it would “steer people and businesses into utilizing more environmentally-friendly methods” (2016). As a Republican; he is part of the minority of the party who disagrees with the new president of the United States, Donald Trump, regarding whether or not carbon tax should be implemented in their country. Although the carbon tax will raise prices, it will create jobs moving forward and help the economy and the environment in the long