The Conservative reaction to the imposition of a federal minimum carbon price has been fascinating, in part because of just how counterfactual it would be to how an actual conservative party would behave. You would think that an actual small-c conservative party would believe in market principles and would think that imposing price incentives (the carbon price) would be great because it would force the market to innovate to reduce the costs associated, hence reducing the carbon emissions in the least onerous way possible with the costs being fully transparent.
But no. We don’t actually have a small-c conservative party in this country, we have right-flavoured populists who would rather rail about “taxes on everything” and give sad homilies about how hard done by the workers of this country are, and how carbon taxes are just letting millionaires claim tax credits on the backs of the ordinary people of this country. No, seriously – these are things that the Conservatives have said in QP. And Rona Ambrose then goes on TV and says that the government should be regulating major emitters in a way that won’t cost consumers (never mind that regulations are the most costly mechanism available and it simply hides the true costs). It’s mind-boggling.
Remember when the Conservatives were the party that believed in market economics? Now it’s regulating big companies. #PnPCBC
— Dale Smith (@journo_dale) October 6, 2016
Apparently you can just regulate emissions away, and nobody has to change any behaviours.
Because magic. #PnPCBC— Dale Smith (@journo_dale) October 6, 2016
Ambrose: “We have to target where emissions come from.”
You mean like consumer behaviour, with price incentives? #PnPCBC— Dale Smith (@journo_dale) October 6, 2016
.@journo_dale pic.twitter.com/T54OZau4Ly
— Stephen Gordon (@stephenfgordon) October 6, 2016
And so we now have all but one leadership candidate railing about carbon taxes, and the only one who agrees with carbon pricing, Michael Chong, insists that this is the wrong way to do it, that it should be revenue neutral for the taxpayer (never mind that provinces could institute that if they want, but they are given the flexibility to do with as they choose). Meanwhile, Paul Wells takes a torch to Lisa Raitt’s overwrought homilies about the poor people suffering under carbon taxes, and applies a little math to the analysis, which doesn’t fare well for Raitt. Likewise, Andrew Coyne laments the lack of a serious discussion on carbon pricing as the cheapest and least onerous way to reduce emissions. But this is currently the state of conservative politics in this country.