Clean Energy Canada
In 2008, British Columbia announced a bold new climate policy: North America’s first revenue-neutral tax on carbon pollution. Today, it is the toast of the world…
British Columbia’s economy enjoys stronger economic performance than the Canadian average. Carbon pollution is down. The carbon tax now funds more than a billion dollars a year in other tax cuts—resulting in one of Canada’s lowest corporate tax rates. Meanwhile, as far as political fallout goes, the party that introduced the policy has won both of the two elections held since it took effect.
Given the renewed interest in British Columbia’s world-leading carbon tax, today we released a new fact sheet to explain how it works, and summarize the evidence of its success.