Pollution pricing helps our economy and markets work more efficiently. It ensures businesses account for environmental costs, encourages clean innovation, and future-proofs Canadian industry in a decarbonizing world. It also protects our long-term economic stability from climate-related shocks, while creating opportunities in clean tech, renewable energy, and climate-resilient infrastructure.

As the Centre for Future Work notes, failing to price pollution means continuing to subsidize outdated, high-emitting industries at the expense of future-focused growth. That’s bad policy and worse economics.