Thursday, October 14, 2010

OECD Supports Carbon Taxes

A new report from the Organisation for Economic Co-operation and Development says that environmental taxes are good! Their paper says that these kinds of taxes encourage innovation while discouraging polluting the environment. And this is coming from and organisation focused on developing the economy. This is even more proof that carbon taxes will not hurt the economy; in fact, this report proves the opposite. A carbon tax will improve the economy by innovation in new technologies and the refinement of old ones. The benefits to a carbon tax are clear: it's cheap and easy to set up, predictable from year to year, decreases pollution, and encourages innovation. What other tax does all this? The time has come for a carbon tax.
Environmental taxes -- such as carbon taxes on CO2 emissions -- are an effective way to clean up pollution while lighting a fire under technological innovation, according to a new report from the Organization for Economic Co-operation and Development.
The report, which considers case studies from Japan, Korea, Spain, Sweden, Switzerland and Sweden, is unabashedly enthusiastic about environment-related taxes.
Read more at the Globe and Mail.

1 comment:

  1. Carbon taxes aren't just a good idea, they're essential. Unfortunately the House of Commons is infested, on both sides of the aisle, with Tar Sanders and Fossil Fuelers with a fetish to see Canada become the world's Filthy Fossil Fuel Superpower. Vermin, the lot.

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