Canadian bank report plugs pollution taxes in climate-change fight
Tags: Bill Miller, Canada, canada, climate change, Corporations, economy, emissions trading, General, global warming, pollution tax, Regulatory, TD Bank
The bank’s chief economist says taxing those who actually pollute creates an incentive to change behavior. The tax should be applied when pollution is created, he said. Thus, the consumer would pay for car pollution, and industry would pay for pollution associated with production.
In an emissions-trading system, companies that reach their emissions targets can sell credits to other companies who can't seem to lower their greenhouse gas output.
Joining an international system might not appeal to Canadians at the moment, the report said, but Canada should get involved in a domestic emissions-trading scheme soon with an eye to connecting to the bigger markets later.
Did you read the article Johan or this another drive-by smearing?
To quote:
"They advocate a policy that combines emissions regulations, taxes, subsidies and a trading system for emissions credits – a varied approach they say would mitigate the impact on the economy."
Here's some more information on emissions trading.
And here's a picture if you prefer that:
"They advocate a policy that combines emissions regulations, taxes, subsidies and a trading system for emissions credits – a varied approach they say would mitigate the impact on the economy."
And again:
And to add:
Cars are a huge emitter of CO2, if we bring in higher fuel efficiency standards (i.e. we burn less gas to go further) we emit less C02.
And finally to quote the article again:
"The revenues would be shifted into cutting taxes in other areas or to finance subsidies that further help the environment."
Seriously, I don't get your point!?
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We just end up having to waste our time refuting and explaining his wierd rationsles for not doing anything about global warming.
Bad little denier jokehan!
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This is a great effort indeed against environmental pollution. Here I want to give some information on car credit.Currently the phrase 'car credit' is used interchangeably with car loan and car finance. If you have a bad credit history then lenders charge higher interest rates as they see you as a "risk" to lend too. However if you have a good credit rating then you will be open to choose from the best rates on the market.
This pollution tax will be interesting once it is implemented fully, as it may or may not change consumer behavior. After all, taxes are just one piece of the puzzle. Another element to consider is car insurance, which can also influence which vehicles consumers purchase. Consumers may be more likely to purchase low emission vehicles if they receive financial incentives for doing so. In addition to higher tax rates, the government may want to look into partnerships with the insurance industry to further incentivize environmentally responsible behavior. Consumers need incentives to make real changes, and it is important to approach that change from more than one angle.
car insurance