The School of Public Policy Releases Paper Calling for Less Regulation,
More Predictable Taxation
CALGARY, March 8, 2012 /CNW/ - In a study released today by The School
of Public Policy and sponsored by the Manning Foundation for Democratic
Education, author Nancy Olewiler issues a fundamental challenge to the
way federal environmental policy is approached in Canada.
Olewiler calls for the adoption of full-cost pricing, which she
describes "means that we find ways to adjust market prices to reflect
not only the direct costs of production of goods and services, but the
impact production and consumption have on the environment."
The author believes that the current system of complex environmental
regulation as well as subsidies to particular industries is highly
inefficient. A better replacement would be the reduction or elimination
of subsidies and regulation, and the imposition of a transparent and
equally applied system of full-cost pricing. That would include
full-cost pricing on energy production including, potentially, a carbon
"In conclusion, three policy directions — phasing out subsidies;
investing in natural capital and its ecosystem goods and services; and
full-cost pricing of energy — can form the foundations of an
environmental policy direction in upcoming budgets that will move the
country closer to achieving the goals of a clean and healthy
environment with an efficient and productive economy."
The study can be found online at www.policyschool.ucalgary.ca/publications.
SOURCE University of Calgary - School of Public Policy
For further information: