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How Canada Rolled out a Carbon Tax Without Calling It One
Canada is one of the few countries that has managed to impose a carbon tax without getting a backlash. The trick: it packaged it as a “price on pollution,” not a tax. And then it gave the money back to the people.
Catherine McKenna, former minister of environment and climate change for Canada.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
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Carbon taxes are an economist’s dream and a politician’s nightmare, as climate solutions go. Get them right and the emissions warming the planet decline. Get them wrong and you face grumpy voters and businesses. Taxes of any kind are after all a tough sell.