Carbon pricing is the headlines again. Last week Prime Minister Justin Trudeau told premiers they could impose carbon pricing themselves or Ottawa would impose it for them. Yet, misunderstandings abound about what carbon pricing can and cannot do. The confusion comes from supporters and opponents alike. Even some economists, for whom prices are second nature, seem confused.
Generally, carbon pricing comes in two varieties. The first is a carbon tax, which sets a price on carbon directly and lets individuals and companies decide how much carbon to produce. …………………………………….Full Article: Source