On the Carbon Dividend
Carbon Fee & Dividend is a carbon pricing system that will address carbon emissions without adding a penny of tax. It is a revenue neutral system in which the government gets zero money.
Instead every Canadian will receive an equal share of all the carbon fees. Coal mines, and oil and gas wells will pay a fee at the source, based on the potential to release CO2. The revenue generated from these payments will be paid directly to consumers on an equal per capita basis. Lower-income and middle class Canadians will make money on Carbon Fee & Dividend.
Carbon Dividends will use the market place to simultaneously tackle both climate change and income gaps.
All political parties should be in favour of a Carbon Fee & Dividend. It uses free markets, and addresses rising levels of both carbon emissions and poverty, all without implementing any tax system or any money going to the government. Presently the Conservatives have no policy to address climate change. The Liberals plan to make it someone else’s problem by passing the buck onto the provinces. And, the NDP is stuck on Cap and Trade: expensive, bureaucratic, and ineffective.
Chris Regan’s eco-fiscal commission was recently set up to decide upon eco-fiscal solutions for Canada. The commission was made up of prominent Liberals like former Prime Minister Paul Martin and prominent Conservatives like Preston Manning. It didn’t take long for the commission to come out staunchly in favour of putting a price on carbon.
The BC carbon pricing model is revenue neutral, and started with a low fee on carbon that has been slowly rising higher. The Conservatives have tried to slam the carbon pricing as a ‘job killer’, but the policy in BC has actually resulted in lower emissions and continued economic growth at a faster rate than much of Canada.
Carbon Fee & Dividend is a smart and effective policy that will decrease Canadian carbon emissions and reduce the divide between rich and poor, all without taxing Canadians or slowing economic growth.