Carbon tax: Impressive Results in British Colombia

The Guardian’s  Climate Consensus: the 97%:

In 2008, British Columbia implemented a carbon tax, with the revenue returned to citizens through lowered income taxes. A new peer-reviewed study examines the data through 2012 to see how British Columbia’s emissions and economy have fared, and the results are impressive. Consumption of taxed fuels per capita has fallen 19 percent in British Columbia relative to the rest of Canada.

As a result, British Columbia’s greenhouse gas emissions fell 10 percent between 2008 and 2011, as compared to a 1.1 percent decline for the rest of Canada.

Polls also show that public support for the British Columbia carbon tax has grown to 64 percent, and 59 percent of Canadians say they would support a similar carbon tax system in their provinces. The popularity may be in part a result of the fact that by offsetting the carbon taxes, British Columbia has the lowest income taxes in Canada.

Over its first five years, British Columbia’s carbon tax has served as a great example of a way to reduce greenhouse gas emissions by cutting up the climate credit card. They implemented a carbon tax, the economy didn’t collapse (or even take notice), and the citizens are happy with the system. The question now is whether other governments like in the USA will follow suit.

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