The chair of the National Roundtable on the Economy and the Environment (NTREE) dismissed the B.C. NDPโs claim today that the partyโs cap-and-trade scheme would punish polluters and save money forย consumers.
Whether you manage climate change with a carbon tax or with cap and trade, โthe price is going to be paid for by the consumer one way or another and I donโt see that as the major difference between the two systems,โ Bob Page told CKNW talk show host Bill Good.
The NDP put out a press release today celebrating the release of an NTREE reportย that recommended economy-wide carbon pricing and suggested cap and trade as the preferred vehicle (in part because federal voters rejected a carbon tax lastย year).
But, according to an analysis by the Pembina Institute, the NDP cap-and-trade proposal would only cover 32 per cent of emissions, falling far short of the NTREE โeconomy-wideโ target. The carbon tax which the NDP says it would repeal if elected affects 76 per cent of allย emissions.ย
Notwithstanding significant resistance from environmentalists and criticism from economists, the NDP has run an aggressive โaxe the gas taxโ campaign, arguing that a cap and trade punishes polluters instead of costing average consumers,ย and maing this a leading election issue, even before the release this week of the NTREEย report.
NRTEE Chair Pageย stepped into the gathering debate today in a morning interview with Billย Good.
Hereโs aย transcript:
Bill Good: So what both [the carbon tax and cap and trade] attempt to do is put a price on the use ofย carbon?
Bob Page: That is correct and if people have to pay that price, theyโll try and avoid it by actually changing what theyย do.
Good: So is one better than theย other?
Page: Well a carbon tax is more certain in terms of the dollar figure and a cap and trade is more certain in the volumes that youโre cutting. So some in industry like the idea of the [carbon] tax, many others in industry like the entrepreneurial aspects that are involved in a cap and tradeย system.
Good: There seems to be a feeling here in BC that the carbon tax hits the consumer and leaves industry off the hook and a cap-and-trade system is more inclined to capture the carbon waste of industry and not punish the consumer whereas the carbon tax hits us every time we fill up at theย pump.
Page: Well I think that the plain truth here is that [the] key feature here is the price – and the price is going to be paid for by the consumer one way or another and I donโt see that as the major difference between the two systems. And whatever happens, carbon management is going to generate costs for the economy and theย consumer.
Thereโs lots more, and you can hear the whole thing inย the CKNW audio vault, choosing the 8am time slot for Friday, April 17. The interview with Paige starts at the 38 minuteย mark.
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