Quote:
Originally Posted by Ronald Pagan
I assume that Devil's Advocate was talking about real GDP growth so no, higher prices wont cause higher GDP.
More to the point, carbon taxes will not cause a recession. They will lower economic growth by about 1 - 4% from a baseline scenario with no carbon tax. Once you factor in the environmental benefits (provided the world adopts a carbon price which is likely) then it's safe to say you come out ahead with a carbon tax.
Did a Conservative tell you this? Because it isn't true.
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Did a liberal tell you this? Because it isn't true.