Canada’s Carbon Price Floor

Ian Parry and Victor Mylonas

National Tax Journal, 2017, vol. 70, issue 4, 879-900

Abstract: Canadian provinces are required to phase in a minimum price of CAN $50 per tonne on carbon dioxide emissions by 2022. This paper discusses the rationale for, and design of, the price floor requirement; its (provincial-level) environmental, fiscal, and economic welfare impacts; monitoring issues; and (national-level) industry incidence. The general conclusion is that the welfare costs and implementation issues are manageable, and pricing provides significant new revenues. A challenge is that the floor price by itself is well short of what will be needed by 2030 for Canada's Paris Agreement pledge.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:70:y:2017:i:4:p:879-900

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