GOOD ED­I­TO­RIAL

Edmonton Sun - - COMMENT -

Re “How hon­est car­bon pric­ing works” (ed­i­to­rial, Sept. 11): A well-thought-out opin­ion piece pro­mot­ing ef­fec­tive and re­spon­si­ble cli­mate/eco­nomic pol­icy. There are many ways to ap­proach cli­mate pol­icy, each with dif­fer­ent eco­nomic im­pacts and vary­ing lev­els of ef­fec­tive­ness in lim­it­ing emis­sions. Car­bon fee and div­i­dend is a mar­ket-friendly ap­proach which en­cour­ages pri­vate sec­tor in­no­va­tion to re­duce car­bon-in­ten­sive pro­cesses. Fur­ther, be­ing a rev­enue-neu­tral pol­icy, gov­ern­ments don’t use the rev­enue col­lected to in­crease spend­ing, as hap­pens un­der on­tario’s cap and trade pro­gram. Fi­nally, car­bon fee and div­i­dend is sim­pler to ad­min­is­ter, thus avoid­ing gov­ern­ment over­reg­u­la­tion with its in­her­ent risk of favouritism and in­ef­fi­ciency. Cli­mate change may not be the cause of the all-too-fre­quent dis­as­ters we are now wit­ness­ing, but it am­pli­fies the in­ten­sity and there­fore the cost of these events in dol­lars and lives. Gov­ern­ment has a re­spon­si­bil­ity to ad­dress it, but please do it in a pru­dent man­ner. GReG BeAL (Agreed)

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