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This Week's Highlights

Report: Pricing Carbon – Advice for the Atlantic Provinces

To contribute to the discussion and policy development on carbon pricing, APEC interviewed Chris Ragan, Associate Professor of Economics at McGill University and Chair of Canada’s Ecofiscal Commission. An edited version of that interview is the feature article in the latest edition of Atlantic Report, released today.
Among Prof. Ragan’s conclusions:

  • Carbon pricing is a less costly way to reduce greenhouse gas emissions than regulation.
  • A carbon tax and cap-and-trade are very similar in many ways, but a tax gives greater price certainty and is less sure on emissions reductions, while cap-and-trade ensures emissions levels but has uncertain price impacts.
  • A carbon tax is administratively simpler to set up, while a cap-and-trade market for each Atlantic province may not be competitive due to a small number of players.
  • Business competitiveness is a major concern. Policies to address higher marginal production costs due to carbon pricing must be implemented carefully, in part to avoid potential international trade repercussions.

Click here to access the report.

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