Carbon Taxes and The Curious Case of Counterfactuals

17 May 2017 – Brendan Frank (Research Analyst, Canada’s Ecofiscal Commission) argues that the success of British Columbia’s carbon tax cannot be measured in terms of absolute emission reductions, rather it should be measured by comparing actual emissions with the counterfactual scenario. To drive deeper emissions reductions, the price needs to rise. Read the full article on the website of  Canada’s Ecofiscal Commission.