Like many people, I was encouraged to see the Government of Ontario finally stepping into the breach and taking action on the climate change issue, but I was very disappointed to see them choosing to go with a cap-and-trade system rather than a carbon tax. Prior to yesterday, there were two models out there: B.C.’s carbon tax and Quebec’s cap-and-trade system. Ontario joining Quebec probably represents a tipping point that will push the country as a whole in the direction of cap-and-trade, which is, as far as I’m concerned, a second-best outcome.
How did we wind up here? This is all a consequence of what I consider to be the most important political shift to have occurred in Canada in the past two decades, which is the near-total collapse of moderate conservatism. Indeed, it’s not a surprise that the major spokespersons of the centre-right in Canada – Andrew Coyne, Tasha Kheiriddin, etc.… Continue reading