CALGARY, Alberta, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Alberta’s carbon tax is unlikely to meaningfully reduce global carbon emissions but could send industry and jobs to competing jurisdictions, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian policy think-tank.
“Even if you agree that pricing carbon is the most effective way to reduce emissions, Alberta’s carbon tax is flawed and will likely fail to deliver the promised results,” said Robert P. Murphy, Fraser Institute senior fellow and author of Carbon Pricing in Alberta.
In 2015, the Alberta government introduced its Climate Leadership Plan, which includes an expected tax on carbon of $30/tonne next year rising to $50/tonne in 2022. Crucially, this carbon tax will likely not produce the theoretical benefits of a well-designed carbon-pricing scheme for several important reasons:
“The market must be allowed to operate as a force on emissions, if a carbon tax is going to work theoretically, but as it stands now, the Alberta carbon tax is primarily a revenue tool for government that will likely fail to achieve its stated goals,” Murphy said.
MEDIA CONTACT:
Robert P. Murphy, Senior Fellow
Fraser Institute
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The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of think-tanks in 87 countries. Its mission is to improve the quality of life for Canadians, their families and future generations by studying, measuring and broadly communicating the effects of government policies, entrepreneurship and choice on their well-being. To protect the Institute’s independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org