Amid the rising cost of living and the impacts of the Bank of Canada rate increase, two economists believe that planned increases in the carbon price should proceed as scheduled. Speaking to The West Block, the experts emphasized that the ongoing wildfire crisis across the continent underscores the continued urgency of tackling the climate crisis. “I think at a time when the country is burning and we’re not sure what the future is existentially, we need to do something very serious about climate change,” said Armine Yalnizyan, Atkinson Fellow on the Future of Workers. Kevin Page, former parliamentary budget officer, stressed the importance of taking the long view on carbon pricing, arguing that prices need to increase steadily. Despite the current challenges facing Canadians, economists agree that implementing carbon taxes remains a crucial, long-term strategy for addressing the climate crisis.
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