Leave it to Tom Mulcair and the New Democrats, in advocating a national carbon pricing scheme, to pick the worst one.
That’s cap-and-trade, which the European experience has shown is ineffective at lowering greenhouse gas emissions linked to climate change and particularly vulnerable to political corruption and fraud.
Cap-and-trade requires the creation of a massive new government bureaucracy to conduct auctions of carbon credits, so you can see why the NDP like it.
It’s even worse than a carbon tax.
The only reason politicians seem to prefer cap-and-trade to a carbon tax -- literally -- is that they don’t have to say the word “tax”.
The distinction is irrelevant. Cap-and-trade raises prices. A carbon tax raises taxes.
In both cases, the public pays more and the government takes in billions of dollars annually in new revenue.
more
Nothing worse than cap-and-trade | Editorial | Opinion | Toronto Sun
That’s cap-and-trade, which the European experience has shown is ineffective at lowering greenhouse gas emissions linked to climate change and particularly vulnerable to political corruption and fraud.
Cap-and-trade requires the creation of a massive new government bureaucracy to conduct auctions of carbon credits, so you can see why the NDP like it.
It’s even worse than a carbon tax.
The only reason politicians seem to prefer cap-and-trade to a carbon tax -- literally -- is that they don’t have to say the word “tax”.
The distinction is irrelevant. Cap-and-trade raises prices. A carbon tax raises taxes.
In both cases, the public pays more and the government takes in billions of dollars annually in new revenue.
more
Nothing worse than cap-and-trade | Editorial | Opinion | Toronto Sun