A Carbon Price that Reduces Poverty
As the summer road-trip season is upon us, gas prices are, as usual, on the rise. The public narrative in Ontario puts the blame squarely on carbon pricing. To be sure, gas prices in Ontario rose 4.3¢ (of a total of $1.35/litre) overnight when the province’s cap and trade program came into effect in January 2017. And despite the many other factors at play, confusion about carbon pricing makes it an easy target when prices at the pump go up.