Costs of Ontario climate plan would be double Liberal carbon tax, raise household costs: report - 2019-06-04
OTTAWA — Ontario's climate plan would cost taxpayers twice as much as the federal Liberal carbon tax, a new report says, casting doubt on policies proposed by a handful of provinces as they mount a legal objection to Ottawa's environmental ambitions.
A report set to be released Tuesday by Canadians for Clean Prosperity, an environmental think-tank, found that Ontario's climate change policies would be 59 per cent more costly for businesses and households in 2022 compared with Ottawa's carbon tax. That figure would fall to 50 per cent more expensive by 2030.
The findings align with a growing pile of research that argues economy-wide carbon taxes are cheaper to administer than regulations targeting specific sources of emissions, which ultimately trickle down and raise costs for consumers.