Figuring in the carbon. At the pump.
"Almost all economists, and most Canadian business and environmental leaders, believe that a carbon price is the most cost effective tool for reducing GHG emissions (Sustainable Prosperity 2011). BC’s carbon tax shift is providing increasing evidence that they are right. Since 2008, when the tax came in, fuel use in BC has dropped substantially – 19 percent more per capita than in the rest
of Canada – and GHG emissions are trending in the same direction. At the same time, BC’s GDP growth has kept pace with the rest of Canada’s, suggesting that the tax shift has not harmed the province’s economy."
Source: 'BC’S CARBON TAX SHIFT AFTER FIVE YEARS: RESULTS', Sustainable Prosperity Institute, 2013, www.sustainableprosperity.ca/article3685