Business

Carbon Tax working overseas

BRITISH Columbia's carbon tax shift was raised by $5 on July 1, four years after it was first initiated by the government.

Has the plan worked and how will the new increases impact the economy?

Sustainable Prosperity, a University of Ottawa-based research network, thinks the first four years "have had a positive environmental impact without harming the [BC] economy."

In a report, Sustainable Prosperity outlines the key reasons why it thinks the initiative has been a success, although it admits it's still early days.

Read more at the Financial Post

Topics:  carbon pricing, carbon tax, environment, taxes


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