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  • Carbon Pricing More Efficient Than Regulation, says Economist

    Carbon pricing will be one of the key topics as environmental entrepreneurs and decision-makers come together for the annual Newleef Green Economy Conference in St. John’s today.

    Glen Hodgson, an international economist and author delivered the keynote address “Putting a Price on Carbon and the State of the Economy” this morning. He says climate change is about how we use and produce energy, and governments need to think about options when it comes to smart regulations and carbon pricing.

    Hodgson says there is a lot of green industry in Newfoundland and Labrador and there must be ways found to help them move forward, which is just as important as putting a price on carbon.

    He’s part of the Eco-Fiscal Commission, a group of academic economists formed five years ago. He says carbon pricing makes sense from his perspective.

    He says prices are more efficient than regulations, but he would like to see a way to recycle the revenues to invest in public goods, or tax cuts to help sell the idea of carbon pricing to ordinary citizens.

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