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Alberta Repealed Its Carbon Tax. What Now?
Source:
forbes.com
- Jun 7, 2019
Alberta repealed its highly controversial provincial carbon tax this week, and so it is a good moment to think about what this may portend for pricing carbon more generally.
In many areas of law, design questions often center on whether nudges (like Section 45Q’s tax credit for carbon sequestration in the United States) are better than sticks (like carbon taxes). Both nudges and sticks, from an economic perspective, can correct a market imperfection where the negative cost of an externality – a consequence of commercial activity that affects people not directly involved in that activity – has not been adequately built into the market.
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Category: General Business
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