Lessons from Canada’s carbon tax saga

The carbon emission reduction effect of green fiscal policy: a quasi-natural experiment

Carbon emission reduction is crucial for mitigating global climate change, and green fiscal policies, through providing economic incentives and reallocating resources, are key means to achieve carbon reduction targets. This paper uses data covering 248 cities from 2003 to 2019 and applies a multi-period difference-in-differences model (DID) to thoroughly assess the impact of energy conservation and emission reduction (ECER) fiscal policies on en…

Lessons from Canada’s carbon tax saga

Economists had presented the model as a powerful tool for lowering emissions

Canada's Carbon Tax Cut Shows Full Impact at Pump One Month Later

Canadian gasoline prices have fallen by about 18 cents per litre one month after Prime Minister Mark Carney eliminated the federal carbon tax, with nearly the full value of the tax cut being passed on to consumers, data shows. Economist Trevor Tombe’s analysis demonstrates a clear price gap between Quebec, which maintained its provincial carbon […]