In 2008, British Columbia implemented the first comprehensive and substantial carbon tax in North America. By 2012, the tax had reached a level of C$30/t CO2, and covered approximately three-quarters of all greenhouse gas emissions in the province. This paper reviews existing evidence on the effect of the tax on greenhouse emissions, the economy, and income distribution as well as provides new evidence on public perceptions of the tax.
This issue summary examines the concept of environmental taxation to illustrate how environmental taxes can be defined and calculated in the Canadian economy.
Sustainable Prosperity has prepared two briefing notes summarizing the state of knowledge and practice on carbon pricing.
Leaders across Canada applaud provinces' initiative in building a prosperous low carbon economy. View the letter, list of signatories, and background documents here.
SP has submitted the following comments in response to the government of Ontario Climate Change Discussion Paper.
This paper discusses allocation of government revenues generated from carbon taxation, permit auctions and other revenue-generating carbon policies, and provides preliminary criteria for their assessment in the Canadian context.
Sustainable Prosperity, together with Greenchip Financial, used a computable general equilibrium (CGE) model to examine how the impacts of climate change on agricultural productivity and water use might change consumer spending patterns.
This is the third annual update of the Bonds and Climate Change report and its Canadian supplement. Since the first report in 2012, the climate bonds landscape in both Canada and the world has changed dramatically.
Natural Capital Accounting refers to the practice of accounting for natural capital use, degradation and/or improvement caused by a company’s activities, and integrating that valuation into corporate decision-making processes.