The Globe and Mail discloses today that an unreleased report by the National Round Table on the Environment and the Economy says we must act now to price emissions. If the government does not implement a carbon tax or a cap and trade system, our economy could be seriously damaged in the future.
“If the government neglects to clearly communicate the [greenhouse gas] price schedule well in advance, it risks causing serious economic dislocation … because society’s capital stocks will not be well prepared,” the report warns.