Quote:
Originally Posted by bizaro86
I think the efficiency of emmissions reductions is one question, and whether the emissions are actually ending or just moving elsewhere is another.
If the large emitters carbon tax combines with the US tariffs to kill Canadian steel production and we end up buying steel with similar or higher emissions profile from China instead I don't think anything has been accomplished except harming Canada.
From a political expediency point of view the consumer carbon tax was easier to cut, but my furnace can't move offshore while many large industrial emitters can be out-competed by jurisdictions with lower standards.
|
That’s where I think Carneys ultimate plan of Tarrif imports makes sense. With the EU and Canada having that policy it protects local industry from the export of pollution.
As it pertains to oil it really depends on what marginal barrel would be displaced vs the average reduction in intensity in all barrels.
I think the same is true for steel. If you dive deep into the policy basis for industrial emitters the goal of the system is to only tax a portion of emissions such that it encourages investment in new tech but also allows industry to remain competitive.