“Overall, no high-income OECD country with a carbon tax has implemented it on a rational design basis,” said Elmira Aliakbari, associate director of herbal studies at the Fraser Institute and co-author of Carbon Pricing in High-Income Countries.
The review examines 31 high-income countries of the Organization for Economic Co-or herd (OECD), adding Canada, which have implemented a carbon tax, a carbon trading formula or a combination of the two.
Of the 14 countries in research that have implemented a carbon tax, they all fail in key aspects of designing a well-functioning carbon tax, adding the use of carbon revenues. carbon tax to reduce the most damaging taxes on the economy, such as taxes on non-public sources of income, emissions regulations, and an end to government subsidies to selected energy sources.
He also notes that when other emissions regulations are added to carbon taxes, and when governments continue to subsidize energy sources of choice, this reduces the effectiveness of carbon tax.
“Poorly designed carbon taxes, like those in every high-income country in the world, don’t keep the promise of cost-effective emissions reduction,” Aliakbari said.
“Instead, poorly designed carbon taxes have serious, destructive economic effects that increase costs, drive away investment, and discourage entrepreneurship. “
MEDIA CONTACTS: Elmira Aliakbari, Associate Director, Natural Resources Studies, Fraser Institute
The Fraser Institute is an independent Canadian education and public policy studies organization with offices in Vancouver, Calgary, Toronto and Montreal and links to a global think tanks network in 87 countries. His project is for the quality of life of Canadians, their families and long-term generations through the study, measurement and broad communication of the effects of government policies, entrepreneurship and possible choices on their well-being. To protect the independence of the Institute, it does not conform to government scholarships or study contracts. Visit www. fraserinstitute. org