CANADA'S EXPENSIVE INEFFECTIVE CLIMATE ACTION PLANS

An examination of Canada’s various carbon pricing programs reveals a history of flawed implementation that undermines the utility and efficiency of carbon pricing. Rather than obeying fundamental economic principles of true revenue neutrality, regulatory displacement, and allowing markets to find lower cost ways to reduce carbon, Canada’s carbon taxes are piled on top of regulations, are not revenue neutral, and subvert the functioning of energy markets by mandating particular technologies such as wind and solar power, and electric vehicles.