Does a Carbon Tax Work? Ask British Columbia
http://www.nytimes.com/2016/03/02/business/does-a-carbon-tax-work-ask-british-columbia.html
Source: By Eduardo Porter, The New York Times
For Investigation: 10.3
Excerpt: ...a right-leaning party that shares many of the antitax, pro-business beliefs of Republicans in the United States did exactly what its unbelieving candidates so fear. ...In 2008, the British Columbia Liberal Party, which confoundingly leans right, introduced a tax on the carbon emissions of businesses and families, cars and trucks, factories and homes across the province. The party stuck to the tax even as the left-leaning New Democratic Party challenged it in provincial elections the next year under the slogan Axe the Tax. The conservatives won soundly at the polls. Their experience shows that cutting carbon emissions enough to make a difference in preventing global warming remains a difficult challenge. But the most important takeaway for American skeptics is that the policy basically worked as advertised. British Columbia’s economy did not collapse. In fact, the provincial economy grew faster than its neighbors’ even as its greenhouse gas emissions declined.... See also reference Will We Ever Stop Using Fossil Fuels? by Thomas Covert, Michael Greenstone, and Christopher R. Knittel
Source: By Eduardo Porter, The New York Times
For Investigation: 10.3
Excerpt: ...a right-leaning party that shares many of the antitax, pro-business beliefs of Republicans in the United States did exactly what its unbelieving candidates so fear. ...In 2008, the British Columbia Liberal Party, which confoundingly leans right, introduced a tax on the carbon emissions of businesses and families, cars and trucks, factories and homes across the province. The party stuck to the tax even as the left-leaning New Democratic Party challenged it in provincial elections the next year under the slogan Axe the Tax. The conservatives won soundly at the polls. Their experience shows that cutting carbon emissions enough to make a difference in preventing global warming remains a difficult challenge. But the most important takeaway for American skeptics is that the policy basically worked as advertised. British Columbia’s economy did not collapse. In fact, the provincial economy grew faster than its neighbors’ even as its greenhouse gas emissions declined.... See also reference Will We Ever Stop Using Fossil Fuels? by Thomas Covert, Michael Greenstone, and Christopher R. Knittel