Carbon Tax: why will this work?

Today’s dumb question is above.

Canada has, via the Federal government, unilaterally given the provinces not much time to come up with some form of CO2 tax. Presumably generators of this gas will be taxed.

So far as I can see, this will increase prices, probably by a few percent.

Now for the dumb questions:

  • Will I drive less, run my house cooler, because prices go up?
  • Will I tolerate warmer mall stores in Summer?
  • Will the enormous CO2 cost of the proposed natural gas liquefaction project stop it from being profitable?
  • Will the ‘oil sands’ (really, tar sands, everyone, eh?) become uneconomic?

I submit that the answers are no, no, no, and ‘already are uneconomic.’

The final dumb question is the same as the first one:

Why will a carbon tax reduce our CO2 emissions? What have I missed here?

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