BC'S Carbon Tax at Five: Results
An Environmental (and Economic) Success Story: Results Come as Premiers Meet (Today) to Discuss Energy & Climate Strategy
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 07/24/13 -- British Columbia's pioneering , passed in 2008, has been remarkably effective in , with no apparent adverse impact on the province's economy. These findings come from a new study by researchers to be published in the upcoming issue of Canadian Public Policy, a highly respected academic journal.
THE REPORT'S KEY FINDINGS ARE THAT:
- Since the carbon tax took effect (July 1, 2008), BC's fuel consumption has fallen by 17.4% per capita (and fallen by 18.8% relative to the rest of Canada).
- These reductions have occurred across all the fuel types covered by the tax (not just vehicle fuel)
- BC's GDP kept pace with the rest of Canada's over that time
- The tax shift has enabled BC to have Canada's lowest income tax rates (as of 2012).
- The has benefitted taxpayers; cuts to income and other taxes have exceeded carbon tax revenues by $500 million from 2008-12.
The full paper can be found at .
Stewart Elgie, Professor of law and economics at University of Ottawa, and the report's lead author, said: "BC's experience shows that it is possible to have both a healthier environment and a strong economy - by taxing pollution and lowering income taxes."
Canada's premiers meet from July 24-26 to discuss a proposed which includes "a more integrated approach to climate change". Elgie commented: "I hope that BC's success will inspire Canada's premiers to show leadership on a national approach to pricing carbon pollution."
BACKGROUND
Sustainable Prosperity is a national research and policy network, based at the University of Ottawa. SP focuses on market-based approaches to build a stronger, greener economy. It brings together business, policy and academic leaders to help innovative ideas inform policy development.
To view the image associated with this release, "Sales of Petroleum Fuels Subject to Bc Carbon Tax (2000-12)," please visit the following link: .
Contacts:
Stewart Elgie
613-863-6934
Jennifer Wesanko
604-347-5988
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Datum: 24.07.2013 - 07:00 Uhr
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