The purpose of this case study is to explore the relationship between business and government in
Canada through a critical perspective, applying the concepts and principles discussed in class and the course text. Responses to these 2 questions should be answered with several paragraphs each, no point form, to a maximum of 2 pages (Double-Spaced) for this assignment. Please submit your responses to these questions as a Word document on the course Mylearning site.
The case of Environmental Public Policies and Externalities
Background:
Canadas federal government has enacted a multi-year carbon pollution pricing system from 2018-2022. On April 1st, 2022, Manitoba Hydro, a crown corporation, will add this federal carbon charge, which is approximately $44.00 a year to the natural gas bill for a normal home. This carbon charge represents the fourth increase of this carbon charge by the federal government to fossil fuels, representing a cost of $50 per tonne of greenhouse gas emissions (Manitoba Hydro, n.d.).
Questions: (2 questions @10 points each = 20 marks):
- Is carbon pricing a cost-effective option for dealing with externalities? Do you agree or disagree? Explain your position. In your response, discuss the concept of externalities, and examine the causes of externalities. (An externality is a cost or benefit of an activity experienced by an unrelated third party. The external cost or benefit is not reflected in the final cost or benefit of a good or service). For example, do you believe this carbon tax is effective for Canadas environment and the goals of climate change, or if there is another method, the government should employ? (i.e., if the benefits gained by a carbon tax outweigh the costs and disadvantages).
2. Discuss the policy solutions of quantity controls and standards, and taxes and subsidies in reference to the carbon pollution pricing strategy of this case study.
The purpose of this case study is to explore the relationship between business and government in
Canada through a critical perspective, applying the concepts and principles discussed in class and the course text. Responses to these 2 questions should be answered with several paragraphs each, no point form, to a maximum of 2 pages (Double-Spaced) for this assignment. Please submit your responses to these questions as a Word document on the course Mylearning site.
The case of Environmental Public Policies and Externalities
Background:
Canadas federal government has enacted a multi-year carbon pollution pricing system from 2018-2022. On April 1st, 2022, Manitoba Hydro, a crown corporation, will add this federal carbon charge, which is approximately $44.00 a year to the natural gas bill for a normal home. This carbon charge represents the fourth increase of this carbon charge by the federal government to fossil fuels, representing a cost of $50 per tonne of greenhouse gas emissions (Manitoba Hydro, n.d.).
Questions: (2 questions @10 points each = 20 marks):
- Is carbon pricing a cost-effective option for dealing with externalities? Do you agree or disagree? Explain your position. In your response, discuss the concept of externalities, and examine the causes of externalities. (An externality is a cost or benefit of an activity experienced by an unrelated third party. The external cost or benefit is not reflected in the final cost or benefit of a good or service). For example, do you believe this carbon tax is effective for Canadas environment and the goals of climate change, or if there is another method, the government should employ? (i.e., if the benefits gained by a carbon tax outweigh the costs and disadvantages).
2. Discuss the policy solutions of quantity controls and standards, and taxes and subsidies in reference to the carbon pollution pricing strategy of this case study.
