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REPORT: Choose Wisely – Options and Trade-offs in Recycling Carbon Pricing Revenues

ABSTRACT: The primary objective of carbon pricing is to reduce greenhouse gas emissions. But the price is only half the story. Carbon pricing can generate substantial revenue for provincial governments. How this revenue is recycled back into the economy can affect both economic and environmental objectives. Provinces need to choose wisely their portfolio of revenue recycling options.

While the primary objective of carbon pricing is to reduce greenhouse gas emissions, the price is only half the story. Carbon pricing can generate substantial revenue for provincial governments. How this revenue is recycled back into the economy can affect both economic and environmental objectives.

This report focuses on the costs and benefits of six revenue recycling options: transferring revenue to households; reducing existing tax rates; investing in emissions-reducing innovation and technology; investing in critical public infrastructure; reducing government debt; and providing transitional support to industry.

Click here to download the report, or view it interactively below. Visit the EcoFiscal Commission of Canada website for more information.

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