Use Green Taxes and Market Instruments to Reduce Greenhouse Gas Emissions
Briefing by
Len Coad
,
Glen Hodgson
,
Gilles Rheaume
January 2008, Source: The Conference Board of Canada, 12 pages
Part of the Canadian Tax Reform for Sustainable Prosperity series, this briefing looks at how taxes and markets can be used to put a price on greenhouse gas emissions.
Document Highlights:
Tax measures, coupled with market forces, will be key to the fight against climate change and the ability of Canadian firms to adjust. Green taxes and green investment tax credits are needed if Canadian firms are to accelerate their technological adaptation to a carbon-priced world. As a complement to green taxes, a cap and trade system should be implemented, combining regulation with market forces via emissions trading. Part of the Canadian Tax Reform for Sustainable Prosperity series, this briefing looks at how taxes and markets can be used to combat global warming.
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