The government has been reluctant to share the data because the numbers don't factor in comparisons including the cost of climate change or the potential for economic growth from climate investments.
Giroux was recently forced to admit that his analyses in 2022 and 2023 were flawed because they claimed to examine only the impact of consumer carbon pricing when they also included the costs of the industrial price. They show that carbon pricing — both the consumer levy and the industrial system — contributed to lowering emissions by 25 million tonnes last year.
The data also show the country's GDP is expected to be about $25 billion lower in 2030 due to carbon pricing than it would be otherwise, or 0.9 per cent below what it is expected to be without carbon pricing. This year, the rebates are expected to total $11 billion, sent out in quarterly payments to families in the eight provinces that use the federal system.
Wealthier families, which are more likely to drive bigger or more vehicles, take more vacations, live in bigger homes and buy more goods, will have higher carbon price bills as a result.
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