Much Room for Improvement in OECD Countries’ Carbon Tax Schemes, Report Finds

A dump truck works near the Syncrude oilsands extraction facility near Fort McMurray, Alta., in a file photo. The Canadian Press/Jason Franson

Much to the detriment of the effort to effectively reduce carbon emissions, the carbon taxes implemented by affluent countries in the OECD (including Canada) don’t follow the correct model for a proper carbon pricing system, according to a new report.

The report, by the Fraser Institute, looked at 31 high-income OECD countries, where each country has implemented either a carbon tax, an emissions trading system (ETS), or a combination of both pricing mechanisms.