By Letter to the Editor on March 4, 2020.
Thank you for publishing Bob Weber’s Canadian Press article about Canada’s progress towards meeting its Paris goals. As David Sawyer accurately points out, regulating emissions and pricing carbon go hand-in-hand – they work most effectively when combined.
Therefore, if Canada wants to be carbon-neutral by 2050, the federal government must continue increasing the price on carbon past 2022. In November 2019, Canada’s Ecofiscal Commission released a report outlining how maintaining a progressive price on carbon, while returning all revenues to households, results in the highest GDP growth per capita when compared to other economic policies. At a carbon price of $210/t by 2030, returning all revenue to households each month would make most people, especially those with low income, better off.
To ensure carbon neutrality by 2050 without leaving anyone behind, the federal government must commit to continuing and increasing the price on carbon past 2022.