The year 2023 was by far the warmest in human history. Climate extremes now routinely shock in their intensity, with a direct monetary cost that borders on the unfathomable. Over $3 trillion (US) in damages to infrastructure, property, agriculture, and human health have already slammed the world economy this century, owing to extreme weather. That number will likely pale in comparison to what is coming. The World Economic Forum, hardly a hotbed of environmental activists, now reports that global damage from climate change will probably cost some $1.7 trillion to $3.1 trillion (US) per year by 2050, with the lion’s share of the damage borne by the poorest countries in the world.
And yet we fiddle.
In today’s Canada, there is deception, national in scope, coming directly from the right‑wing opposition benches in Ottawa. In 2023, the populist Conservative leader Pierre Poilievre adopted “Axe the tax” as his new mantra and has shaped his federal election campaign around that hackneyed rhyme.
That’s why you get a big fat rebate in your chequing account every 3 months. It’s meant to offset the rising costs of goods such that end consumers who don’t pollute a ton themselves are in fact not carrying the burden.
Fat? Not enough to offset the increased cost of … everything. As I said, the biggest polluters just increase their prices and the rest of us pay. There’s no incentive for the big dogs to improve, and the rest of us dont have alternatives.
Sure, that happens in the short term. But it also incentivizes the biggest polluters to reduce polluting as there is now a cost associated with polluting. Maybe a competitor is able to come in with a greener process and thereby undercut the competition. This is like, capitalism 101. It boggles my mind that people can argue that a carbon tax doesn’t work.
Also… News flash: the world is fucked and the cost of everything is going to rise no matter what. It’s time to get uncomfortable