Hybrid system of carbon tax and cap and trade the best
With the BC provincial election approaching, I’m a bit surprised that we haven’t heard too much about the BC carbon tax lately. I do a quick news search every day or two on Google and I hardly see anything interesting about the BC carbon tax. Today I found Clark Williams-Derry (director of Sightline Institute) of Seattle, who wrote this commentary published on the current issue of Georgia Straight discussing that the hybrid system of carbon tax plus a cap and trade system is the best solution.
A hybrid system—a tax plus a cap—would provide some predictability about prices, as well as a firm guarantee that we’ll meet our climate goals. The tax keeps the system moving forward, continually improving our performance. And the cap is like a sturdy guardrail that keeps us on the road to success, making sure that we make steady, secure progress in creating a climate-friendly economy.
This makes sense and this hybrid system will exactly be the system that BC is going to have! The carbon tax will always be around, and the cap and trade system will come in to get the carbon that is not taxed, typically from process fuel from large emitters.
I’m excited about seeing how this hybrid system will work in BC, and i have no doubt that it will.
If you’re a carbon tax or a carbon cap and trade system supporter, are you in for a hybrid system?
Tags: BC Carbon Tax, carbon cap and trade, Carbon credit, climate change, revenue neutral carbon tax
BC Carbon Tax | flo | 
March 20, 2009 5:00 am
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