Sentences with phrase «raise taxes on carbon»

These include tax restructuring — raising the tax on carbon emissions and lowering the tax on income — and carbon cap - and - trade systems.

Not exact matches

How much GST is raised by taxing the carbon tax really depends on what businesses choose to pass on to consumers, the report notes.

Speaking to a fundraiser for an Ottawa homeless shelter, Mr. Layton said carbon taxes would raise home heating costs and hurt Canadians living on the margins.

In a new report released today for Sustainable Prosperity (a new research institute), Jack Mintz and Nancy Olewiler pitch a federal carbon tax constructed by broadening the base of the federal excise tax (which currently raises over $ 5 billion per year based on a tax of 10 cents per litre of gas and 4 cents -LSB-...]

«We will fight against the NDP who want to raise taxes on Canadians through their carbon tax or whatever tax they may come up,» Mr. Menzies declared.

The Tories have attacked the Liberals» carbon tax policy and have argued it will raise prices on almost everything — from gasoline and groceries — without actually cutting emissions.

But it gets worse, on January 1 the NDP will raise their job - killing carbon tax by 50 %.

«Generally, we find that on the heels of something like this, that folks are looking to raise taxes,» either directly through a carbon tax or by rule changes that raise power prices, Neefus said.

Hansen wrote ``... In my testimony [to Congress] I noted that a «Cap» raises the price of energy, just as does a simple honest carbon tax on oil, gas and coal at the first sale at the mine or port of entry.

Gates hammered on points reported here for many years: that without a big, and sustained, boost in spending on basic research and development on energy frontiers, the chances of triggering an energy revolution are nil; that while the private sector and venture capital investors are vital for transforming breakthroughs into marketable products or services, they will not invest in the long - haul inquiry that's required to generate game - changing breakthroughs; that a 1 or 2 percent tax on carbon - emitting fuels could generate a large, steady stream of money for invigorating the innovation pipeline; that a declining emissions cap and credit trading system --- if it could survive America's polarized politics --- would have to raise energy costs far beyond what would be politically tenable to generate a similar scale of transformational activity.

A revenue - neutral carbon tax is also beloved by economists, since it involves raising taxes on something our society wants less of — pollution — and using the money to lower taxes on the productive economic activities we want more of, such as paid work.

The solution domestically seems to consist of A) raising taxes (such as on gasoline and electricity) and B) inventing new taxes (carbon taxes).

I recommend: Convert this blog, or launch a second blog, wholly focused on advocacy for a carbon tax that rises steadily every month into the sunset, steeply enough to raise gasoline prices $ 0.20 / month — offset by reductions in payroll taxes.

Having said that, it's generally expected to pass — the Labor Party, The Greens, and several independents have said they'll support it, and the opposition (generally opposed to anything climate - related) don't have the numbers to block it, although they've promised to repeal it if elected in 2013 (although the total package has been cleverly built, so to repeal it, they'll have to promise to raise taxes on the low & middle income brackets, cut aged & disability pensions, and rely on the «goodwill» of large corporations to lower prices for electricity & other carbon - intensive goods).

Inglis's «Raise Wages, Cut Carbon Act of 2009» proposed a rising tax on carbon pollution.

But if we get to point where electric can do everything needed and taxes whether on engines or carbon are not getting use down low enough then at some distant point (that we are not close to) govt might prefer to implement ban rather than continually raising carbon tax rate.

And to ensure revenues raised from such a tax are indeed directed to investment, and to assist those on lower incomes who spend a higher proportion of their income on energy, a carbon tax should be offset by tax reductions in other areas to become revenue neutral for government.

The federal government is currently in talks with British Columbia, encouraging Premier Christy Clark to move on her pledge to raise its carbon tax from the current $ 30 a tonne, where it has remained for five years.

This post on a question - begging argument in favour of carbon taxes and against an emissions trading scheme, naturally raised -LRB-!)

«You've shifted onto an unstable tax base that you're hoping will go away, and you'll wind up having to raise other taxes up anyway» He also said a carbon tax imposed regressive penalties on sectors and regions already struggling in the current economy — such as energy - intensive manufacturing in the Midwest — while rewarding «higher - income coastal knowledge work.»

A financial transaction tax levied on all financial market transactions involving stocks, bonds, foreign exchange and derivatives could raise hundreds of billions per year, helping to fund the just transition to low - carbon economies in developing countries while also supporting public services at home.

To create an honest market, we need to restructure the tax system by reducing taxes on work and raising those on carbon emissions and other environmentally destructive activities, thus incorporating indirect costs into the market price.

A revenue - neutral carbon - tax would directly raise the price of carbon - based energy, imposing the greatest cost on those firms and forms of energy that produce the most emissions.

My own research (published elsewhere) says raising taxes (stepped, not instantaneous) on liquid transportation fuels (not all carbons) to roughly European levels creates economic incentives to change before there is pain.

In March 1999, a comprehensive ecological tax reform law took effect in Germany that reduced income taxes, raised taxes on energy sources tied to carbon emissions, and exempted renewables.

Since Australia exports a lot of embodied carbon, the tax on final consumption would raise a lot less revenue, and cause a much smaller economic shock.

Consequently, to raise $ 100 billion in revenue from a new tax on carbon, in order to reduce labor and capital taxes by $ 100 billion, would end up causing more distortion in the economy.

As we learn more about the response of emissions to the price on carbon, we can raise or lower the tax or as we learn more about the maximum CO2 we can sustain in the atmosphere, we can raise or lower our cap.

Instead of discouraging productive effort, initiative and investment as other tax burdens do, a tax on carbon pollution raises the cost of harmful activity and thereby encourages efficiency and renewable energy.

Early studies by the Intergovernmental Panel on Climate Change estimated that a carbon tax of up to $ 80 per metric ton of emissions — a tax that might raise gasoline prices by 70 cents a gallon — would eventually result in climate stability.

The carbon tax on industry is expected to raise $ 3 billion a year, which will be reinvested in renewable energy sectors and cover increased costs to consumers.

Asked how the provincial government should raise revenue, taxes on carbon and other pollutants proved to be the second most popular choice behind corporate income taxes.

As RGGI has forced electricity generators to purchase annual carbon allowances, it has raised the price of electricity for New York residents, effectively acting as a tax on electricity producers (those who produce more than 25 megawatts annually) in New York.

Supporters of cap - and - trade were never able to resolve this contradiction: either it wouldn't raise fossil fuel prices, in which case it would be ineffectual; or it would raise them after all, provoking an unstoppable backlash among a citizenry that hadn't signed off on the higher prices and wouldn't be getting the dividends from the tax revenues, while carbon - market participants skimmed big profits.

Calling for a carbon tax on polluters could, feasibly, even become a political winner (the Yale study also finds astonishingly high support for regulating CO2 as a pollutant), as anger percolates at the GOP's intransigence to raising taxes even on the wealthy and corporations.

The idea is simple: Reduce taxes on something you want (incomes) and raise taxes on something you'd like to see less of (carbon pollution).