#carbon-tax

#carbon-tax

"Without a large global carbon tax (which is, unfortunately, politically unachievable), market forces do not properly incentivize the creation of technologies to reduce climate-related emissions," Gates writes. To stop global temperatures from increasing, we need to replace all emissions-emitting activities with affordable alternatives, Gates says. He particularly calls out industrial emissions and aviation as areas that need innovation. And governmental policies-"in rich countries," he notes-are crucial to bringing about that innovation, "because unless innovations reach scale, the costs won't come down and we won't achieve the impact we need."

The next Conservative Government will axe the carbon tax on electricity generation. When Ed Miliband blames gas for high energy bills, what he doesn't tell you is that over 30% of what we pay for gas power is not to pay for fuel, but to pay for a carbon tax that the Government chooses to impose. Now, we know that we'll need gas to keep the lights on for decades, so it just adds extra costs to our bills for no reason.

Canada's inflation rate fell to 1.7% in April, primarily due to the removal of the consumer carbon tax, which has significantly influenced pricing.