B.C.’s doing it, imposing a low but rising tax on fossil fuels — from gasoline to home heating oil — and cutting personal and business taxes to make up the difference. Tax the bad stuff, reward the good.
I’m not sold on a carbon tax as the best way to tackle climate change, but (1) it’s a hell of a lot better than shrugging helplessly, and (2) if you’re going to do it, this is how.
We’ll have to see whether Finance Minister Carole Taylor, or her successor, pushing the tax beyond $30 per tonne of carbon dioxide equivalent when it reaches that upper limit in 2012. With any luck, the benefits of the move will be manifest by then, though, and it might be easier to sell.