The Pembina Institute, a top Canadian environmental think tank, released a statement late last week in reaction to the BC NDP’s claim that a recent report released by National Roundtable on Environment and Economy supports their intention to scrap the BC carbon tax.
Matt Horne, Director of BC Energy Solutions for the Pembina Institute said:
“The National Round Table report says that Canada needs an economy-wide price on carbon as soon as possible. Experts agree that this could be accomplished through either a carbon tax or a cap and trade system. The Round Table is opting for cap and trade only to align with federal government policy.
The B.C. NDP’s proposal for a limited cap on industrial emitters would only cover up to 32 per cent of B.C.’s pollution, whereas B.C.’s carbon tax covers 76 per cent. So rather than being consistent with the Round Table’s call for an economy-wide price, the NDP’s proposal would take B.C. in the opposite direction.”
The NDP’s assertion that a carbon tax would cost more than a cap and trade system is simply wrong, and is not supported by the Round Table report.” (my emphasis)