04/20/2024

The Global Carbon Tax Revolt

France’s violent Yellow Vest protests are now about many domestic concerns, but it’s no accident that the trigger was a fuel-tax hike. Nothing reveals the disconnect between ordinary voters and an aloof political class more than carbon taxation.

The fault line runs between anti-carbon policies and economic growth, and France is a test for the political future of emissions restrictions. France already is a relatively low-carbon economy, with per-capita emissions half Germany’s as of 2014. French governments have nonetheless pursued an “ecological transition” to further squeeze carbon emissions from every corner of the French economy. The results are visible in the Paris streets.

. . . The carbon tax revolt is world-wide. Voters in Washington state last month rejected a carbon tax that would have started at $15 per ton of emissions and climbed $2 a year indefinitely. Washington ranks 25th among American states in carbon emissions and when we tried to estimate its contribution to global emissions our calculator couldn’t handle a number that small. Gov. Jay Inslee and green activists nonetheless wanted voters to pay $2.3 billion in taxes over five years.

Ontario province in Canada is suing to block a federal carbon tax, and the issue could topple the Alberta government and perhaps Prime Minister Justin Trudeau. Ontario Attorney General Caroline Mulroney warned that the federal tax grab “takes money from families’ pockets and makes job creators less competitive.” German Chancellor Angela Merkel’s Energiewende—a transition to renewables that has increased dirty coal emissions and caused household energy costs to soar—has become a political liability.

View Article
Site has paywall