B.C.’s carbon tax has been called both elegant and a template for the rest of the world. Because it increases taxes on things we don’t want (emissions), reduces taxes on things we do want (income), is popular with the public and has actually worked to reduce the province’s carbon footprint, it’s been called a win-win-win-win.
So how does it work?
Pretty simply: if you burn fossil fuels (oil, gasoline, natural gas, etc.), you pay the tax. British Columbians see the tax on their heating bills and at the pump when they fill up their cars. But because the (Read more…)