Newly released federal modelling data suggest that carbon pricing for consumers and big industry will together lower greenhouse-gas emissions by more than 12 per cent a year by 2030 and shave 0.9 per cent off the national GDP.
Giroux was recently forced to admit that his analyses in 2022 and 2023 were flawed because they claimed to examine only the impact of consumer carbon pricing when they also included the costs of the industrial price. That number is projected set to rise each year until 2030, when the carbon price is set to rise to $170 a tonne and emissions cuts attributed to it will hit 78 million tonnes.
The carbon rebates handed out to families account for 90 per cent of the revenues raised, a detail that is not reflected in the spreadsheets.