Wednesday, June 16, 2010

Cap and Trade in Canada

Ontario and Quebec recently announced that they are planning to install cap and trade in these two provinces. Besides the fact that it doesn't work, adopting this kind of legislation is a great symbolic gesture. What's really needed is a carbon tax. Even in Canada, we have a living example of a carbon tax in British Columbia. This western province hasn't collapsed economically so we can assume that a carbon tax does not going to destroy then economy. Compared to cap and trade, a carbon tax is easy to set up, cheap to maintain and can be enforced without difficulty. The following video will provide insight on how cap and trade does not work. Read the news at the Globe and Mail.

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