Here's the trend in oil prices:
And here is U.S. the carbon emissions trend:
What's my point? If you want real reductions in carbon emissions you're going to have to create a carbon tax much greater than what B.C. has planned. People just don't respond to price changes enough for a 11 cent raise in gas prices in the next decade to make any difference. The day after the government came out with this plan gas prices shot up 6 cents, all on their own. The plan may be a step in the right direction, but it's a pretty small step.
Tuesday, February 26, 2008
Gas Tax not big enough
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1 comment:
I think the flaw in the carbon tax is that the increases to the tax end on 2012. If they continue increasing the carbon tax well beyond 2012 I think the tax will make a significant contribution reductions in GHG emissions. Otherwise you are right, the tax isn't large enough to make much of a difference.
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