Premier Scott Moe is standing by the government’s math after some economists say cost estimates outlined in his autonomy paper don’t add up skpoli
, but some economists suggest that number is too high because it fails to account for carbon tax rebates and ignores realities over the use of electric vehicles.We deliver the local news you need in these turbulent times on weekdays at 3 p.m.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Along with Bruneau, University of Regina assistant professor in economics Brett Dolter and University of Calgary economics professor Trevor Tombe agreed the policy paper fails to mention the rebates and doesn’t account for savings associated with switching to electric vehicles. Tombe said even though climate policies will cost the government, it won’t be as high as $111 billion. Costs should be “tenths of a per cent” overtime, he said, not 10 per cent of the province’s economy.
The province based its estimates on a tax of $65 per tonne in 2023 with increases of $15 per tonne, reaching $170 per tonne in 2030 and then $245 per tonne by 2035.
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