Sask. Party misses point on carbon price
The Saskatchewan Party remains stridently opposed to carbon pricing. The government defends this position by stating that
B.C.’s carbon tax is ineffectual. However, a recent review from the Fletcher School of Law and Diplomacy at Tufts University concluded that B.C.’s carbon tax “reduced emissions between five and 15 per cent, absent of additional policy, when compared to a business-as-usual scenario.” The study goes on to conclude that B.C.’s revenue neutral carbon tax has reduced emissions with few negative effects on the economy. The Fletcher School is widely regarded as one of the world’s foremost graduate schools of international affairs.
By applying a price to carbon, industrial and consumer practices will change to lower-cost, lower-emissions options following market-driven, cost-effective pathways. Recently, China launched the world’s largest cap and trade system. The decision to implement a carbon pricing mechanism in China was based on sound economic principles.
The Sask. Party states that, over the next five years, a carbon tax would cost Saskatchewan $4 billion. This is simply erroneous, in that carbon taxes would raise $4 billion in revenues that would remain within the province. A revenue neutral carbon tax would see these funds dispersed to industry, the public and farmers.
By opposing carbon pricing, the Sask. Party clearly has no
intention of implementing wellestablished, market-based, costeffective mechanisms to reduce emissions. An opposition to carbon pricing is, through inaction, a form of climate change denial.
David D. Maenz, Saskatoon