The Carbon Tax Policy Of British Columbia

1220 Words5 Pages
Climate change has been an increasing concern in today’s world and has proven to be detrimental in the coming years. With the increasing human population, the consumption of fossil fuels has been in high demand and this poses a threat in the future. After several years of political and cultural pressure to take a stand on climate change and in order to control the regulation of carbon dioxide emissions into the atmosphere, British Columbia implemented the carbon tax on July 1, 2008 (Murray and Rivers, page 3). This tax was the first to be imposed in North America and was revenue-neutral (Murray and Rivers, page 3). Due to its myriad of benefits, the carbon tax was favored by many and did has not disappointed; not only have greenhouse gas emissions dropped, but business have grown tremendously, and other energy sectors are flourishing. While counter arguments may highlight the negative effects of the taxation policy, rebuttals often overlook the long-term advantages. In this paper, I will prove that the carbon tax policy in British Columbia has had several beneficial outcomes such as the reduction of greenhouse gases and economic growth. I will then raise an opposition to my thesis by arguing that the short-term economic effects will be damaging to the lower-income classes. However, I will show that this objection is not as valid because the long-term benefits, both economically and environmentally will ultimately prove integral in the alleviating future climate change. The
Open Document