Many Canadian economists said last week that while “Canada could abandon carbon pricing and still hit our climate targets by using other types of regulations and subsidies … it would be much more costly to do so.”
That’s similar to the point Prime Minister Justin Trudeau made recently, when he said he brought in his carbon tax because, “I prefer a clean, market-based solution” to addressing climate change, as opposed to “the heavy hand of regulations” and “incentives … subsidies and rewards.”
