Global carbon taxes are ineffective because their main purpose is to raise government revenues, not lower industrial greenhouse gas emissions linked to human-induced climate change, according to a new study by the Fraser Institute.
The report by the fiscally-conservative think tank examined carbon taxes in 14 high-income countries that are members of the Organization for Economic Co-operation and Development (OECD), including Canada.
“Poorly-designed carbon taxes, like those in all high-income countries around the world, do not deliver on the promise of cost-effective emissions reductions. Instead (they) cause serious and harmful economic effects that increase costs, scare away investment and deter entrepreneurship.”
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