I know there are still a few stalwarts still denying climate change or human caused climate change. I wish they would stop fighting the battle that they have already lost and try to make sure that the carbon pricing system they are going to get is a good one.
The most significant policy issue for Ontario right now is about pricing carbon – will the Liberals bring in a costly and inefficient cap and trade system or will they introduce a carbon fee that is cheap, effective and keeps money in Ontario? They have not announced their decision, although pretty much everyone thinks they have made up their minds.
Economists are still being polite about the cap and trade schemes, but the tide has swung against that approach in the profession. Besides historic failures, serious corruption problems, and poor coverage, the big knock is that with cap and trade someone has to pay a whole posse of lawyers, speculators, bureaucrats, inspectors and verification experts. Every single unnecessary dollar they get is paid for by consumers. Cap and trade is wasteful and bad for Ontario.
A carbon fee would collect less from consumers for the same impact. It would give less to the speculators and put more revenue into government coffers. We can argue about what to do with it then. ( I say give it back to people). Lets not give it to the huge and costly managers of a cap and trade scheme.
So here is the message for climate change deniers: why waste time fighting a losing battle when your pocketbook is on the line?