As the Trudeau government ponders raising the carbon tax, as well as lowering rebates, it is worth noting Canada’s global share of greenhouse gas emissions continues to decline.
The Trudeau government announced earlier this week that the so-called dissenting provinces – those provinces opposed to the carbon tax – would see reduced rebates.
Saskatchewan will see the biggest drop in rebates, with a family of four now receiving $809 in 2020 as opposed to $903 projected last year.
Ontario family rebates are being reduced from $451 to $448.
Manitoba families will see a drop from $499 to $486/
Alberta families are expected to see a rebate of $888.
The rebates are meant to offset the additional costs accruing from the imposition of the Liberal carbon tax which is currently $20 per tonne of carbon emitted, but is due to increase to $30 per tonne in 2021.
This levy of CO2 emissions, argue Liberals, is part of an effort to reduce emissions and meet international commitments to keep average temperatures from rising 2 C.
Ironically enough, Canada’s share of CO2 emissions actually fell from 1.8 per cent in 2014 to 1.6 per cent in 2017 without a carbon tax.
Its share of global emissions will continue to fall precipitously for decades to come.
In fact, China’s emissions will equal the rest of the world combined by 2030.
Let that sink in. In a mere decade, China will emit as much CO2 as every other country combined.
China’s economic growth is to blame. Once it was given favored nation status in the World Trade Organization, economic growth was staggering. It took a mere seven years to fully double America’s emissions.
This economic growth was fueled primarily by coal. So much so that China will add a new coal fired electricity plant every two weeks for the next 12 years.
Again, let that sink in. China will build a new coal plant EVERY TWO WEEKS FOR THE NEXT 12 YEARS.
As a consequence, China will be responsible for fully 50 per cent of global CO2 emissions by 2030 or 15,000 metric tonnes.
By way of comparison, Canada is expect to be produced 790 metric tonnes of CO2 by 2030 if we do nothing.
Canada, in other words, is irrelevant to this discussion of CO2 reduction. So is the United States, so is Australia, so is the EU.
If CO2 emissions are truly an existential threat, then there are only two countries that matter – China and India.
Of those two countries, China is the most important.
All this talk of carbon pricing is pure virtual signaling.
Nothing, absolutely nothing, the West will do will make a difference.
So why, then, must we sacrifice our economies to accomplish nothing?