Slides: Maintaining a strong economy while moving ahead with climate policy
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Transcript of Slides: Maintaining a strong economy while moving ahead with climate policy
Maintaining a strong economy while moving ahead with climate policy
Matt Horne – Pembina Institute
Nancy Olewiler – Simon Fraser University
Nicholas Rivers – University of Ottawa
Dale Beugin – Canada’s Ecofiscal Commission
March 17th
We are very grateful for support from:
Outline Introduction & overview of CLP process / CLT recommendations
-- Matt Horne, Pembina Institute
Additional perspective on CLP/CLT-- Nancy Olewiler, SFU
Environmental and economic evidence from B.C.’s carbon tax-- Nicholas Rivers, University of Ottawa
CLT recommendations for emissions-intensive, trade-exposed sectors-- Nancy Olewiler, SFU
Provincial carbon pricing and competitiveness pressures-- Dale Beugin, Canada’s Ecofiscal Commission
Q&A
MandateProvide recommendations that:
Achieve BC’s climate targets
Maintain a strong economy
Mitigate impacts on vulnerable populations
Fiscal policy recommendations• Increase the carbon tax by $10 / tonne / year • Expand the carbon tax coverage• Use incremental carbon tax revenues to:
• Reduce the PST • Increase protection for low-income and northern/rural
households• Establish targeted measures to protected emissions-
intensive, trade-exposed sectors• Establish mechanisms that facilitate investments in
technology and innovation and provide local governments with funding for projects
Fiscal policy recommendations
Government commits to
2018 & 2021 carbon tax next steps
New schedule of carbon tax increases
starts.
Carbon tax coverage expands
Team’s recs provided to government
5-year review in carbon tax
2015 2016 2018 2021 2023
New carbon tax revenues matched with expenditures on tax cuts/credits, EITE measures, investments, etc.
6
7
8
9
Emissions-intensive, trade-exposed sectors and the Climate Leadership Team’s recommendations
Vulnerability for BC industries
Scale of provincial competitiveness pressures
And with a higher carbon tax?
BC AB SK MB ON QC NS ROC Canada0%
5%
10%
15%
20%
25%
30%
$30 $60 $90 $120
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Learn more and engage
Comments to BC government until March 25th at: engage.gov.bc.ca/climateleadership/
Climate Leadership Team recommendations summary: pembina.org/pub/bc-climate-leadership-team-process-and-recommendations
Pembina’s Climate Leadership Plan submission: pembina.org/pub/bc-climate-leadership-plan-submission-phase-2-consultation
Business carbon tax letter pembina.org/bc-carbon-tax
Thank youMatt Horne @HorneMatt
Nancy [email protected]
Nicholas Rivers@riversNic
Dale Beugin@dalebeugin
We are very grateful for support from: