Friday, April 23, 2021

Canada's Dopey Carbon Tax

Canada's Liberal Government has imposed a sharply rising tax on atmospheric carbon emissions.

Canada's Conservative Party wants the same thing by another name. 

Both schemes are idiotic. 

Here's why:

(a) With less than half of one percent of the World's population, Canada acting alone, has no significant global impact.

(b) By imposing a carbon tax unilaterally, Canada shoots itself in the foot by putting Canadian industry at a disadvantage in the competition with producers in countries without a carbon tax, e.g., the United States, Canada's largest trade partner, and China, the World's largest industrial economy.

What to do?

Canada should seek agreement with its Free Trade Area (CUSMA) partners for a unified carbon tax with a countervailing duty on imports from countries without a carbon tax.

That way Canada avoids screwing itself, while creating an incentive (avoidance of the countervailing carbon emissions import tax) for all major industrial nations without a carbon tax to impose one.

1 comment:

  1. My current opinion is that climate change itself is not a hoax, but the measures taken to deal with climate change are.

    It is sort of similar to the position many people have that COVID is a real disease but the anti-COVID health measures are not health measures, nor designed to be. But in this particular case I think the disease itself is probably just the flu rebranded.

    Global carbon emissions growth exploded due to high population growth, and moving most of the world's industry to China to evade environmental controls in Western countries. The two two things a Western country can do about the issue are high tariffs on products made in China, and eliminating all support to countries with high population growth, including no immigration from these countries.

    This makes me, who intellectually thinks carbon driven climate change is happening, aligned with the climate change denying right on just about everything, for environmental reasons.

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