Read my children read
Exempting gas from carbon pricing would not improve affordability
Exempting certain fossil fuels from the federal carbon price would decrease the revenue generated by that policy—and reduce the size of rebates returned to households (known as
Climate Action Incentive Payments).
The table below illustrates our estimated change in annual Climate Action Incentive rebates for a family of three. As the estimates illustrate, exempting natural gas and heating oil from carbon pricing would reduce household rebates across the country, leaving most households worse off than with the carbon price, and associated rebates, in place.
Annual change in household rebates for a family of three (based on 2023 rebates)
As the figure below illustrates, exempting gas and oil use in buildings from carbon pricing would reduce income in all but the highest income groups. Moreover, it is regressive, given that the equally applied rebates are most important to lower-income households.
Oil, PUT DOWN THAT ruler, and listen carefully!!
HOW MANY COUNTRIES currently implement a carbon tax?
NO, RICARDO, not just Canada. The answer is 27 countries, YES 27. Can you now name them, please?? Go ahead, I will wait.