Unpacking the carbon tax with local economist Craig Brett
Last week, the United Nations Environment Programme released its 2023 Emissions Gap Report, outlining still increasing global emissions and record breaking warming, and calling on all countries to take on rapid mitigation measures to lower and eliminate carbon emissions.
The week before, the Angus Reid Institute released results of its latest survey showing how Canadians feel about one of the federal government’s key mitigation measures, the carbon tax. The economic tool has become a flashpoint for right-left politics in Canada and New Brunswick, and according to the Angus Reid Institute, 42% of Canadians would like to see the tax abolished. But Angus Reid also found misconceptions about the tax were common.
In light of the increasing debate and confusion, CHMA called up Mount A economics professor Craig Brett to get a lesson in how the tax works, and whether or not it’s to blame for the affordability crisis.