IDEAS home Printed from https://ideas.repec.org/a/ntj/journl/v70y2017i4p879-900.html
   My bibliography  Save this article

Canada’s Carbon Price Floor

Author

Listed:
  • Ian W.H. Parry
  • Victor Mylonas

Abstract

Canadian provinces are required to phase in a minimum price of CAN $50 per tonne on carbon dioxide emissions by 2022. This paper discusses the rationale for, and design of, the price floor requirement; its (provincial-level) environmental, fiscal, and economic welfare impacts; monitoring issues; and (national-level) industry incidence. The general conclusion is that the welfare costs and implementation issues are manageable, and pricing provides significant new revenues. A challenge is that the floor price by itself is well short of what will be needed by 2030 for Canada's Paris Agreement pledge.

Suggested Citation

  • Ian W.H. Parry & Victor Mylonas, 2017. "Canada’s Carbon Price Floor," National Tax Journal, National Tax Association;National Tax Journal, vol. 70(4), pages 879-900, December.
    • Handle: RePEc:ntj:journl:v:70:y:2017:i:4:p:879-900
    DOI: 10.17310/ntj.2017.4.09
    as

    Download full text from publisher

    File URL: https://doi.org/10.17310/ntj.2017.4.09
    Download Restriction: Access is restricted to subscribers and members of the National Tax Association.
    File URL: https://libkey.io/10.17310/ntj.2017.4.09?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. David M. Newbery & David M. Reiner & Robert A. Ritz, 2018. "When is a carbon price floor desirable?," Working Papers EPRG 1816, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    2. McDonagh, Shane & Wall, David M. & Deane, Paul & Murphy, Jerry D., 2019. "The effect of electricity markets, and renewable electricity penetration, on the levelised cost of energy of an advanced electro-fuel system incorporating carbon capture and utilisation," Renewable Energy, Elsevier, vol. 131(C), pages 364-371.
    3. Mokyr, Joel, 2018. "The past and the future of innovation: Some lessons from economic history," Explorations in Economic History, Elsevier, vol. 69(C), pages 13-26.
    4. Lokuge, Nimanthika & Anders, Sven, 2022. "Carbon-Credit Systems in Agriculture: A Review of Literature," SPP Technical Papers, The School of Public Policy, University of Calgary, vol. 15(12), April.
    5. Barber, Michael & Jones, Maggie E.C., 2021. "Inequalities in test scores between Indigenous and non-Indigenous youth in Canada," Economics of Education Review, Elsevier, vol. 83(C).
    6. Mohamad Issa & Adrian Ilinca & Daniel R. Rousse & Loïc Boulon & Philippe Groleau, 2023. "Renewable Energy and Decarbonization in the Canadian Mining Industry: Opportunities and Challenges," Energies, MDPI, vol. 16(19), pages 1-22, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ntj:journl:v:70:y:2017:i:4:p:879-900. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: The University of Chicago Press (email available below). General contact details of provider: https://www.ntanet.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.