10 Myths about Carbon Pricing

10 Myths about Carbon Pricing
Posted on March 26, 2019 | Canada's Ecofiscal Commission | Written on March 26, 2019
Letter type:

Canadians can see and feel the effects of climate change—from forest fires to floods that threaten our homes, to pollution that threatens our kids’ health. They want a serious plan to take action on climate change. And they deserve an honest discussion about our options. Starting in 2019, that will include a price on carbon in all jurisdictions in Canada.

Myths and misleading statements, however, continue to damage the debate over carbon pricing. A debate based on poor information does a disservice to Canadians.

The Ecofiscal Commission hopes that this new report will improve the quality of the debate by drawing on the best available evidence to debunk ten common myths. The report aims to serve as a resource for Canadians who want to learn what the evidence says about carbon pricing and its impacts on emissions, the economy, affordability, and jobs.

In weighing the evidence, we find that many common arguments against carbon pricing just don’t hold up. Overall, Canada’s carbon pricing systems are well-designed, and they are working to reduce emissions without any significant economic impacts. Economists agree: carbon pricing should be a key part of Canada’s fight against climate change.

Over the last 10 years, Canada has made tremendous strides on carbon pricing. But continued progress is not guaranteed. Governments and advocates must continue to undertake additional efforts to explain the true costs and benefits of carbon pricing to Canadians.

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Canada’s Ecofiscal Commission was formed by a group of experienced, policy-minded economists from across the country, seeking to broaden the discussion of ecofiscal policy reform beyond the academic sphere and into... More