{"id":317030,"date":"2024-04-09T19:25:43","date_gmt":"2024-04-09T17:25:43","guid":{"rendered":"https:\/\/climatescience.press\/?p=317030"},"modified":"2024-04-09T19:25:46","modified_gmt":"2024-04-09T17:25:46","slug":"helter-skelter-climate-policies","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=317030","title":{"rendered":"Helter Skelter Climate\u00a0Policies"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"407\" data-attachment-id=\"317044\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=317044\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/0-danger-minfield.jpg?fit=1280%2C720&amp;ssl=1\" data-orig-size=\"1280,720\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0-danger-minfield\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/0-danger-minfield.jpg?fit=723%2C407&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/0-danger-minfield.jpg?resize=723%2C407&#038;ssl=1\" alt=\"\" class=\"wp-image-317044\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/0-danger-minfield.jpg?resize=1024%2C576&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/0-danger-minfield.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/0-danger-minfield.jpg?resize=768%2C432&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/0-danger-minfield.jpg?resize=1200%2C675&amp;ssl=1 1200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/0-danger-minfield.jpg?w=1280&amp;ssl=1 1280w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From <a href=\"https:\/\/rclutz.com\/2024\/04\/06\/helter-skelter-climate-policies\/\">Science Matters <\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a0By\u00a0<a href=\"https:\/\/rclutz.com\/author\/ronaldrc\/\">Ron Clutz<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"658\" height=\"296\" data-attachment-id=\"317032\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=317032\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-118.png?fit=658%2C296&amp;ssl=1\" data-orig-size=\"658,296\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image-118\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-118.png?fit=658%2C296&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-118.png?resize=658%2C296&#038;ssl=1\" alt=\"\" class=\"wp-image-317032\" style=\"width:761px;height:auto\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-118.png?w=658&amp;ssl=1 658w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-118.png?resize=300%2C135&amp;ssl=1 300w\" sizes=\"auto, (max-width: 658px) 100vw, 658px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Ross McKitrick explains the dangers of making climate policies willy-nilly in his Financial Post article&nbsp;<a href=\"https:\/\/financialpost.com\/opinion\/carbon-tax-economists-letter-misses-point\"><strong>Economists\u2019 letter misses the point about the carbon tax revolt.<\/strong><\/a>&nbsp; Excerpts in italics with my bolds and added images.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#e81515\" class=\"has-inline-color\">Yes, the carbon tax works great in a \u2018first-best\u2019 world where it\u2019s the<br>only carbon policy. In the real world, carbon policies are piled high.<\/mark><\/strong><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>An&nbsp;<a href=\"https:\/\/sites.google.com\/view\/open-letter-carbon-pricing\">open letter<\/a>&nbsp;is circulating online among my economist colleagues&nbsp;<strong>aiming to promote sound thinking on carbon taxes.<\/strong>&nbsp;It makes&nbsp;<strong>some valid points<\/strong>&nbsp;and will probably get waved around in the House of Commons before long.&nbsp;<strong>But<\/strong>&nbsp;it\u2019s conspicuously selective in its focus, to the point of<strong>&nbsp;ignoring the main problems with Canadian climate policy as a whole.<\/strong><\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"564\" height=\"423\" data-attachment-id=\"317034\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=317034\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-119.png?fit=564%2C423&amp;ssl=1\" data-orig-size=\"564,423\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image-119\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-119.png?fit=564%2C423&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-119.png?resize=564%2C423&#038;ssl=1\" alt=\"\" class=\"wp-image-317034\" style=\"width:760px;height:auto\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-119.png?w=564&amp;ssl=1 564w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-119.png?resize=300%2C225&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-119.png?resize=400%2C300&amp;ssl=1 400w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-119.png?resize=200%2C150&amp;ssl=1 200w\" sizes=\"auto, (max-width: 564px) 100vw, 564px\" \/><figcaption class=\"wp-element-caption\"><em>EV charging sign Electric-vehicle mandates and subsidies are among the mountain of climate policies that have been piled on top of Canada\u2019s carbon tax. PHOTO BY JOSHUA A. BICKEL\/THE ASSOCIATED PRESS<\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>There\u2019s a massive pile of&nbsp;<strong>boulders blocking the road to efficient policy<\/strong>, including:<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>clean fuel regulations,<\/em><\/li>\n\n\n\n<li><em>the oil-and-gas-sector emissions cap,<\/em><\/li>\n\n\n\n<li><em>the electricity sector\u00a0<a href=\"https:\/\/financialpost.com\/tag\/coal\/\" target=\"_blank\" rel=\"noreferrer noopener\">coal phase-out<\/a>,<\/em><\/li>\n\n\n\n<li><em>strict energy efficiency rules for new and existing buildings,<\/em><\/li>\n\n\n\n<li><em>new performance mandates for natural gas-fired generation plants,<\/em><\/li>\n\n\n\n<li><em>the regulatory blockade against l<a href=\"https:\/\/financialpost.com\/tag\/liquified-natural-gas\/\" target=\"_blank\" rel=\"noreferrer noopener\">iquified natural gas<\/a>\u00a0export facilities,<\/em><\/li>\n\n\n\n<li><em>new motor vehicle fuel economy standards,<\/em><\/li>\n\n\n\n<li><em>caps on fertilizer use on farms,<\/em><\/li>\n\n\n\n<li><em>provincial ethanol production subsidies,<\/em><\/li>\n\n\n\n<li><em>electric vehicle mandates and subsidies,<\/em><\/li>\n\n\n\n<li><em>provincial renewable electricity mandates,<\/em><\/li>\n\n\n\n<li><em>grid-scale battery storage experiments,<\/em><\/li>\n\n\n\n<li><em>the Green Infrastructure Fund,<\/em><\/li>\n\n\n\n<li><em><a href=\"https:\/\/financialpost.com\/tag\/carbon-capture\/\" target=\"_blank\" rel=\"noreferrer noopener\">carbon capture and underground storage<\/a>\u00a0mandates,\u00a0<\/em><\/li>\n\n\n\n<li><em>subsidies for electric buses and emergency vehicles in Canadian cities,<\/em><\/li>\n\n\n\n<li><em>new aviation and rail sector emission limits,<\/em><br><em>and many more.<\/em><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>Not one<\/strong>\u00a0of these occasioned a letter of\u00a0<strong>protest from Canadian economists.<\/strong><\/em><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"462\" height=\"350\" data-attachment-id=\"317035\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=317035\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-120.png?fit=462%2C350&amp;ssl=1\" data-orig-size=\"462,350\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image-120\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-120.png?fit=462%2C350&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-120.png?resize=462%2C350&#038;ssl=1\" alt=\"\" class=\"wp-image-317035\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-120.png?w=462&amp;ssl=1 462w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-120.png?resize=300%2C227&amp;ssl=1 300w\" sizes=\"auto, (max-width: 462px) 100vw, 462px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><em>Beside that mountain of boulders there\u2019s&nbsp;<strong>a twig labelled \u201coverstated objections to carbon pricing.\u201d<\/strong>&nbsp;At the sight of it, hundreds of economists have&nbsp;<strong>rushed<\/strong>&nbsp;forward<strong>&nbsp;to sweep it off the road.<\/strong>&nbsp;What a help!<\/em><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#e81515\" class=\"has-inline-color\">To my well-meaning colleagues I say: the pile of regulatory boulders<br>long ago made the economic case for carbon pricing irrelevant.<\/mark><\/strong><\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"491\" data-attachment-id=\"317038\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=317038\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-121.png?fit=1248%2C848&amp;ssl=1\" data-orig-size=\"1248,848\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image-121\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-121.png?fit=723%2C491&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-121.png?resize=723%2C491&#038;ssl=1\" alt=\"\" class=\"wp-image-317038\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-121.png?resize=1024%2C696&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-121.png?resize=300%2C204&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-121.png?resize=768%2C522&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-121.png?resize=1200%2C815&amp;ssl=1 1200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-121.png?w=1248&amp;ssl=1 1248w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Layering a carbon<strong>&nbsp;tax on top of current and planned command-and-control regulations<\/strong>&nbsp;does&nbsp;<strong>not<\/strong>&nbsp;yield&nbsp;<strong>an efficient outcome<\/strong>, it&nbsp;<strong>just raises the overall cost to consumers.<\/strong>&nbsp;Which is why I can\u2019t get excited about and certainly won\u2019t sign the carbon-pricing letter. That\u2019s not where the heavy lifting is needed.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>My colleagues object to exaggerated claims about the cost of carbon taxes. Fair enough.<strong>&nbsp;But far worse are exaggerated claims about both the benefits of reducing carbon dioxide emissions and the economic opportunities associated with the so-called \u201cenergy transition.<\/strong>\u201d Exaggeration about the benefits of emission reduction is traceable to&nbsp;<strong>poor-quality academic research<\/strong>, such as continued&nbsp;<strong>use of<\/strong>&nbsp;<strong>climate models known to have large, persistent warming biases<\/strong>&nbsp;<strong>and<\/strong>&nbsp;of the&nbsp;<strong>RCP8.5 emissions scenario,<\/strong>&nbsp;long since shown in the academic literature to be grossly exaggerated.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>But a lot of it is simply groundless rhetoric.<\/strong>\u00a0Climate activists, politicians and journalists have spent years<strong>\u00a0blaming Canadians\u2019 fossil fuel use for every bad weather event<\/strong>\u00a0that comes along and shutting down rational debate with<strong>\u00a0polemical cudgels such as \u201cclimate emergency\u201d declarations<\/strong>. Again, none of this occasioned a cautionary letter from economists.<\/em><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"595\" height=\"450\" data-attachment-id=\"317039\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=317039\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-122.png?fit=595%2C450&amp;ssl=1\" data-orig-size=\"595,450\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image-122\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-122.png?fit=595%2C450&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-122.png?resize=595%2C450&#038;ssl=1\" alt=\"\" class=\"wp-image-317039\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-122.png?w=595&amp;ssl=1 595w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-122.png?resize=300%2C227&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-122.png?resize=200%2C150&amp;ssl=1 200w\" sizes=\"auto, (max-width: 595px) 100vw, 595px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><em><strong>There\u2019s another big issue<\/strong>&nbsp;on which the letter was silent. Suppose we did clear all the regulatory boulders along with the carbon-pricing-costs-too-much twig.&nbsp;<strong>How high should the carbon tax be?<\/strong>&nbsp;A few of the letter\u2019s signatories are former students of mine so I expect they remember the<strong>&nbsp;formula for an optimal emissions tax in the presence of an existing tax system.<\/strong>&nbsp;If not, they can take their copy of&nbsp;<a href=\"https:\/\/utorontopress.com\/9781442610705\/economic-analysis-of-environmental-policy\/\">Economic Analysis of Environmental Policy<\/a>&nbsp;by Prof. McKitrick off the shelf, blow off the thick layer of dust and look it up. Or they can consult any of the half-dozen or so journal articles published since the 1970s that derive it. But I suspect most of the other signatories have never seen the formula and don\u2019t even know it exists.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>To be technical for a moment, the optimal carbon tax rate varies inversely with the marginal cost of the overall tax system.\u00a0<strong>The higher the tax burden<\/strong>\u00a0\u2014 and with our heavy reliance on income taxes our burden is high \u2014\u00a0<strong>the costlier it is at the margin to provide\u00a0any\u00a0public good, including emissions reductions.<\/strong>\u00a0Economists call this\u00a0<strong>a \u201csecond-best problem\u201d: inefficiencies in one place, like the tax system, cause inefficiencies in other policy areas,<\/strong>\u00a0yielding in this case a higher optimal level of emissions and a lower optimal\u00a0<a href=\"https:\/\/financialpost.com\/tag\/carbon-tax\/\" target=\"_blank\" rel=\"noreferrer noopener\">carbon tax rate<\/a>.<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"542\" data-attachment-id=\"317041\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=317041\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-123.png?fit=1000%2C750&amp;ssl=1\" data-orig-size=\"1000,750\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image-123\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-123.png?fit=723%2C542&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-123.png?resize=723%2C542&#038;ssl=1\" alt=\"\" class=\"wp-image-317041\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-123.png?w=1000&amp;ssl=1 1000w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-123.png?resize=300%2C225&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-123.png?resize=768%2C576&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-123.png?resize=800%2C600&amp;ssl=1 800w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-123.png?resize=600%2C450&amp;ssl=1 600w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-123.png?resize=400%2C300&amp;ssl=1 400w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-123.png?resize=200%2C150&amp;ssl=1 200w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Based on reasonable estimates of the social cost of carbon and the marginal costs of our tax system, o<strong>ur carbon price is already high enough. In fact, it may well be too high<\/strong>. I say this as one of the only Canadian economists who has published on all aspects of the question. Believing in mainstream climate science and economics, as I do, does not oblige you to dismiss public complaints that the carbon tax is too costly.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Which raises&nbsp;<strong>my final point:<\/strong>&nbsp;the age of mass academic letter-writing has long since passed.<strong>&nbsp;Academia has become too politically one-sided.<\/strong>&nbsp;Universities&nbsp;<strong>don\u2019t<\/strong>&nbsp;get to spend years filling their ranks with staff drawn from one side of the political spectrum and<strong>&nbsp;then expect to be viewed as neutral arbiters of public policy issues.<\/strong>&nbsp;The more signatories there are on a letter like this, the less impact it will have.&nbsp;<strong>People nowadays will make up their own minds<\/strong>, thank you very much,&nbsp;<strong>and a well-argued essay by an individual willing to stand alone may even carry more weight.<\/strong><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>Online conversations today are about rising living costs, stagnant real wages and deindustrialization.<\/strong>\u00a0Even if carbon pricing isn\u2019t the main cause of all this,\u00a0<strong>climate policy is playing a growing role<\/strong>\u00a0and people can be excused for lumping it all together. The public\u00a0<strong>would welcome insight from economists about how to deal with these challenges. A mass letter enthusing about carbon taxes doesn\u2019t provide it.<\/strong><\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"366\" data-attachment-id=\"317042\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=317042\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-124.png?fit=868%2C440&amp;ssl=1\" data-orig-size=\"868,440\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image-124\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-124.png?fit=723%2C366&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-124.png?resize=723%2C366&#038;ssl=1\" alt=\"\" class=\"wp-image-317042\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-124.png?w=868&amp;ssl=1 868w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-124.png?resize=300%2C152&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/image-124.png?resize=768%2C389&amp;ssl=1 768w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, the carbon tax works great in a \u2018first-best\u2019 world where it\u2019s the<br \/>\nonly carbon policy. In the real world, carbon policies are piled high.<\/p>\n","protected":false},"author":121246920,"featured_media":317044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691826940,691820184,691828063,691818154,691818299],"class_list":{"0":"post-317030","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-carbon-capture","9":"tag-carbon-tax","10":"tag-electric-vehicle-mandates","11":"tag-net-zero","12":"tag-subsidies","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/0-danger-minfield.jpg?fit=1280%2C720&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1kto","jetpack-related-posts":[{"id":340534,"url":"https:\/\/climatescience.press\/?p=340534","url_meta":{"origin":317030,"position":0},"title":"Climate Policies Fail in Fact and in\u00a0Theory","author":"uwe.roland.gross","date":"24\/08\/2024","format":false,"excerpt":"A recent international analysis of 1500 climate policies around the world concluded that 63 or 4% of them were successful in reducing emissions.","rel":"","context":"In \"carbon dioxide (CO2)\"","block_context":{"text":"carbon dioxide (CO2)","link":"https:\/\/climatescience.press\/?tag=carbon-dioxide-co2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/08\/0COP27-Atmospheric-CO2-Cartoons-by-Josh-1702054136.2601.webp?fit=1200%2C862&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/08\/0COP27-Atmospheric-CO2-Cartoons-by-Josh-1702054136.2601.webp?fit=1200%2C862&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/08\/0COP27-Atmospheric-CO2-Cartoons-by-Josh-1702054136.2601.webp?fit=1200%2C862&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/08\/0COP27-Atmospheric-CO2-Cartoons-by-Josh-1702054136.2601.webp?fit=1200%2C862&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/08\/0COP27-Atmospheric-CO2-Cartoons-by-Josh-1702054136.2601.webp?fit=1200%2C862&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":267128,"url":"https:\/\/climatescience.press\/?p=267128","url_meta":{"origin":317030,"position":1},"title":"Luxury Carbon Taxes: Dressing Up Wealth Redistribution in Green?","author":"uwe.roland.gross","date":"13\/07\/2023","format":false,"excerpt":"Another day and another piece of social engineering by climate \u201cresearchers\u201d.","rel":"","context":"In \"Climate crisis\"","block_context":{"text":"Climate crisis","link":"https:\/\/climatescience.press\/?tag=climate-crisis"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/image-376.png?fit=1200%2C747&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/image-376.png?fit=1200%2C747&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/image-376.png?fit=1200%2C747&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/image-376.png?fit=1200%2C747&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/image-376.png?fit=1200%2C747&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":197679,"url":"https:\/\/climatescience.press\/?p=197679","url_meta":{"origin":317030,"position":2},"title":"A \u2018Carbon Fee\u2019 Will Not Save Hawaii from Climate Change","author":"uwe.roland.gross","date":"28\/04\/2022","format":false,"excerpt":"A recent story in the\u00a0Honolulu Civil Beat\u00a0claims that climate change in Hawaii, driven by fossil-fuel use, is damaging the islands, a problem that can be solved by imposing a tax on carbon dioxide emissions. These claims are demonstrably false. Climate change is not causing unusual damage to Hawaii, and carbon\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/04\/0beach-g5899b3f61_1920.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/04\/0beach-g5899b3f61_1920.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/04\/0beach-g5899b3f61_1920.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/04\/0beach-g5899b3f61_1920.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/04\/0beach-g5899b3f61_1920.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":421935,"url":"https:\/\/climatescience.press\/?p=421935","url_meta":{"origin":317030,"position":3},"title":"The EU\u2019s Carbon Border Tax Took Effect on January 1","author":"uwe.roland.gross","date":"18\/01\/2026","format":false,"excerpt":"On January 1, the European Union\u2019s carbon border tax came into force. The Carbon Border Adjustment Mechanism (carbon tariff) forces companies exporting aluminum, cement, steel, fertilizer, and other goods with a heavy carbon content into the EU to pay for their products\u2019 carbon emissions. According to the European Union, the\u2026","rel":"","context":"In \"carbon dioxide (CO\u2082)\"","block_context":{"text":"carbon dioxide (CO\u2082)","link":"https:\/\/climatescience.press\/?tag=carbon-dioxide-co%e2%82%82"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQNWsnU9zveXHnYlz2CYeiQ1GTEQCIeRV4juI8-ELLfBsganmFGnCUgWszgRHu-DsAJ-OAtwb7PItImuqRVVDtRnriVZkpw_Kvfesb8qKjghIMSn_kyW6XDkRKulY8xv.jpeg?fit=1200%2C730&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQNWsnU9zveXHnYlz2CYeiQ1GTEQCIeRV4juI8-ELLfBsganmFGnCUgWszgRHu-DsAJ-OAtwb7PItImuqRVVDtRnriVZkpw_Kvfesb8qKjghIMSn_kyW6XDkRKulY8xv.jpeg?fit=1200%2C730&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQNWsnU9zveXHnYlz2CYeiQ1GTEQCIeRV4juI8-ELLfBsganmFGnCUgWszgRHu-DsAJ-OAtwb7PItImuqRVVDtRnriVZkpw_Kvfesb8qKjghIMSn_kyW6XDkRKulY8xv.jpeg?fit=1200%2C730&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQNWsnU9zveXHnYlz2CYeiQ1GTEQCIeRV4juI8-ELLfBsganmFGnCUgWszgRHu-DsAJ-OAtwb7PItImuqRVVDtRnriVZkpw_Kvfesb8qKjghIMSn_kyW6XDkRKulY8xv.jpeg?fit=1200%2C730&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQNWsnU9zveXHnYlz2CYeiQ1GTEQCIeRV4juI8-ELLfBsganmFGnCUgWszgRHu-DsAJ-OAtwb7PItImuqRVVDtRnriVZkpw_Kvfesb8qKjghIMSn_kyW6XDkRKulY8xv.jpeg?fit=1200%2C730&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":328987,"url":"https:\/\/climatescience.press\/?p=328987","url_meta":{"origin":317030,"position":4},"title":"What Are Climate Policies Costing Canada?","author":"uwe.roland.gross","date":"14\/05\/2024","format":false,"excerpt":"A global survey published in the journal Nature in February 2024 found that less than 40 percent of the people asked in Canada and the United States would be prepared to spend one percent of their income to address climate change. Such findings stand in sharp contrast to what Canadians\u2026","rel":"","context":"In \"Canada\"","block_context":{"text":"Canada","link":"https:\/\/climatescience.press\/?tag=canada"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0Screenshot-2024-05-14-164532.png?fit=1200%2C882&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0Screenshot-2024-05-14-164532.png?fit=1200%2C882&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0Screenshot-2024-05-14-164532.png?fit=1200%2C882&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0Screenshot-2024-05-14-164532.png?fit=1200%2C882&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0Screenshot-2024-05-14-164532.png?fit=1200%2C882&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":315146,"url":"https:\/\/climatescience.press\/?p=315146","url_meta":{"origin":317030,"position":5},"title":"How the Carbon Cult Subverts Political\u00a0Discourse","author":"uwe.roland.gross","date":"30\/03\/2024","format":false,"excerpt":"But someone should tell Trudeau that his own government\u2019s Emission Reduction Plan mainly consists of heavy-handed regulations, subsidies, mandates and winner-picking grants.","rel":"","context":"In \"Canadian Prime Minister Justin Trudeau\"","block_context":{"text":"Canadian Prime Minister Justin Trudeau","link":"https:\/\/climatescience.press\/?tag=canadian-prime-minister-justin-trudeau"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/00shutterstock_1387517006-scaled-1.jpg?fit=1200%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/00shutterstock_1387517006-scaled-1.jpg?fit=1200%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/00shutterstock_1387517006-scaled-1.jpg?fit=1200%2C600&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/00shutterstock_1387517006-scaled-1.jpg?fit=1200%2C600&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/00shutterstock_1387517006-scaled-1.jpg?fit=1200%2C600&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/317030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=317030"}],"version-history":[{"count":8,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/317030\/revisions"}],"predecessor-version":[{"id":317046,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/317030\/revisions\/317046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/317044"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=317030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=317030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=317030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}