According to an Environment Canada report, the Trudeau government is set to miss the 2030 climate targets.
As the National Post reports, the government study was released without so much as a press release.
Ironically, the targets were originally set by the Harper government. Though the Liberals heavily criticized the Conservatives on environmental issues, they kept the targets set by Harper.
Arbitrary reduction targets are foolish
While central planning was discredited by the fall of the Soviet Union, it has made an unfortunate resurgence under the “climate change” banner.
As a result, we end up with arbitrary emissions targets such as reducing emissions 30% by 2030. This is despite the fact that emissions are based upon incredibly complex interactions among millions of people.
That’s why emissions targets are almost always missed. Leaders either use them simply for political purposes – pandering on the world stage – or they actually try to implement them and damage their economies.
While Harper was in the first category (he wouldn’t actually have screwed over the economy by trying to reach the targets), Justin Trudeau appears to be in the second category.
His obsession with international praise, and his forcing of a carbon tax upon the country, makes it clear that he will try to actually hit the targets.
Hitting those targets – especially since we are already falling behind – will mean higher taxes to constrain economic activity. That’s exactly how the carbon tax is structured, as it goes up every year.
This will mean lower growth, and higher costs for consumers, which will make our country poorer.
A better idea: Scrap the targets and encourage innovation
Instead of setting arbitrary targets, it is much better to encourage an innovative and dynamic economy by keeping taxes low and limiting regulations. Innovation in the free market leads to more advanced products and technology, which can reduce emissions without the need for government intervention.
Unfortunately, the elites don’t like that approach, since they don’t have as much control, and they don’t get to virtue-signal on the world stage. Since they are never economically impacted by restrictive economic policies, they could care less about the impact on ordinary people.
Indeed, as noted in the National Post, the Trudeau government hasn’t said what they will set the carbon tax at between 2022 and 2030 (though hopefully they won’t be in power and will never get the chance). The unexplained gap tells us exactly what they intend to meet the targets – tax increases bigger than anything we’ve seen so far.
Only a new government can make sure that doesn’t happen.