We should never forget how much prices matter. Most of us like saving money, and so we seek out the lowest-cost options, whether we’re shopping for food or clothing, or making a new product or offering a new service. With carbon pricing, we will seek out new ways to do things, new ways to save money – and it will help even more if our governments send some of the money back to us.
Op-ed co-written by Christopher Ragan, associate professor of economics at McGill University and the chairman of Canada’s Ecofiscal Commission.
Read more: The Globe and Mail