Tories pounce on carbon tax analysis that excludes cost of climate crisis - 2019-06-14
Andrew Scheer's Opposition Conservatives have pounced on a new analysis of carbon pricing that fails to account for the escalating costs of the global climate emergency.
The analysis was prepared by Canada's independent Parliamentary Budget Officer Yves Giroux. The watchdog defended his analysis of the carbon tax needed to achieve Canada's Paris target, acknowledging that it did not include any non-tax measures or the cost of ignoring the climate crisis. But Giroux said it was done "for simplicity's sake, and just for illustrative purposes."
Giroux's report, released on Thursday, examined what would happen if the country wanted to use a nationwide carbon tax as its single, solitary tool to hit the carbon pollution reduction target it committed to as part of the Paris Agreement.