IM-Drummond_2024_0918.pub

However, once the economic damage from the levy is included, the PBO concluded that the rebates fall short of keeping family budgets whole. [...] After the second report, the PBO admitted that its analysis had included, in addition to the carbon tax on households, the tax on large emitters as well. [...] The economic impacts had been taken from work passed over to the PBO by Environment and Climate Change Canada (ECCC), which included the effects of the tax as applied to both industrial and household payers. [...] It measured the economic cost originating in the tax, exaggerated as it turned out, but did not attempt to capture the economic benefits (not to mention any health gains) from the effects of the household carbon levy in mitigating climate change. [...] First, is there value in the emissions reduction resulting from the household carbon tax? The Canadian Climate Institute concludes that the 8-14 percent contribution to emissions reduction by 2030 will grow in later years.