The Opportunity
Strengthening B.C.’s carbon tax so that is fairer and more effective will allow the province to capitalize on the following opportunities:
-
Greater greenhouse gas emission reductions throughout B.C.’s economy.
-
More investment, innovation, and job creation in B.C.’s low-carbon businesses.
-
Increased support for the carbon tax as communities, businesses and families see emissions declining and investment and jobs in low-carbon businesses growing.
Cap and trade systems are a different way to put a price on greenhouse gas pollution, and it isn’t clear when these systems will be up and running or how effective they’ll be initially. Until those systems are sufficient to help B.C. achieve its climate action goals, it makes sense to continue strengthening the carbon tax so it is as fair and effective as possible. The carbon tax also provides a revenue stream that stays in British Columbia and effectively gives the provincial economy a head start on the rest of North America.