„Ende des Verbrauchers CO2 -Preis hat die Inflation stark gesenkt, sagt Statistics Canada“ -CTV News
https://www.ctvnews.ca/business/article/inflation-slows-sharply-to-17-in-april-as-consumer-carbon-price-ends/
„Ende des Verbrauchers CO2 -Preis hat die Inflation stark gesenkt, sagt Statistics Canada“ -CTV News
https://www.ctvnews.ca/business/article/inflation-slows-sharply-to-17-in-april-as-consumer-carbon-price-ends/
6 Kommentare
The Carbon Tax is a great idea in theory, if the revenues collected from it were actually used for climate mitigation steps, wildfire prevention and mitigation, and infrastructure development.
The way the LPC did it was just a “raise taxes on everything but then mostly rebate it”. It was inflationary, it appeared kind of pointless, and it became a political albatross. Then the LPC gave a sweetheart cutout to Atlantic Canada and just totally torpedoed it.
The consumer carbon price is utterly dead, mostly because of too clever by half attempts to triangulate on it.
Except the scale of the drop confirms what we’ve long known – this was not a primary or even notable driver of inflation
In the us, they talk about world peace, development around the world, tackling worldwide projects, ending wars, jobs for everyone. Canada, stuck on what tax do we increase, decrease, or just start a new one. Canada is resource rich, yet broke.
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If this is suppose to be a sub about serious political topics people need to keep things respectable.
1) This is not from CTV it’s a republish „The Canadian Press“ article as very clearly indicated at the top
2) OP’s quote does not appear in article.
3) This is the StatCan release, it’s much shorter and better than OP – https://www150.statcan.gc.ca/n1/daily-quotidien/250520/dq250520a-eng.htm?HPA=1
> Gasoline led the decline in consumer energy prices, falling 18.1% year over year in April, following a 1.6% decline in March. The price decrease in April was mainly driven by the removal of the consumer carbon price. Lower crude oil prices also contributed to the decline. Global oil demand decreased due to slowing international trade related to tariffs. In addition, supply from the Organization of the Petroleum Exporting Countries and its partners (OPEC+) increased.
I do not see the methodology they used to quantify the amount associated with Carbon Tax aside from the the Quebec exception(12.1 vs 18.1%). American gas prices is also down [substantially year over year in Apr](https://ycharts.com/indicators/us_gas_price).
This post is just a softer version of this stuff. – https://imgur.com/a/KHlqzFZ
There are a lot bad takes in here about why the consumer carbon price failed – the main point isn’t to be a revenue-generating for green projects; it’s to create an incentive for changes that reduce carbon emissions. Those changes could be technological, behavioural or a mix – whatever makes the most economic sense, that’s the beauty of it.
Where I think it went wrong is *expectations* – everybody hated the carbon tax and assumed it would’ve gone in a few years when the Liberals got the boot. No one is making big lifestyle changes and no company is making big technological changes if they don’t expect the incentives to last. It just becomes a pain-in-the-ass cost that you eat until the next election.
Expectations are hugely important in macroeconomics so I wouldn’t be surprised if this was part of Carney’s reasoning, despite his past support of carbon pricing.