Estimating the Causal Impact of British Columbia Carbon Tax
A Synthetic Control Approach
Bibliographic Data
| ID | 20461287 |
|---|---|
| Authors | Derick T Adu (0000-0003-3391-8953, Alcorn State University), Elisha K Denkyirah (0000-0001-5739-2146, Texas Tech University, corresponding author) |
| Year | 2024 |
| Volume | 54 |
| Issue | 3 |
| Pages | 260-280 |
| Publication date | 2024-07-02 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The American Review of Canadian Studies (JOURNAL) |
| Journal identifiers | ISSN: 0272-2011 • E-ISSN: 1943-9954 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/02722011.2024.2390329 |
| OpenAlex | W4406833065 |
| Language | EN |
| References cited | 22 |
This study analyzes the causal effects of British Columbia’s carbon tax on both per capita residential natural gas consumption and per capita residential CO2 emissions. Utilizing province and state-level data from 1990 to 2019 and employing the synthetic control method, we found that the implementation of the carbon tax led to a significant reduction in BC’s per capita residential natural gas consumption. On average, this reduction amounts to 50.99 m3 annually, representing a 12% decrease. Furthermore, the per capita residential CO2 emissions exhibit an average annual decrease of 0.09 metric tons per capita, equivalent to a 10% reduction when compared to states without a similar policy in place. These findings suggest that market-based environmental quality mechanisms, such as the carbon tax, can effectively contribute to the reduction of greenhouse gas emissions
Carbon tax · Econometrics · Economics · Greenhouse gas · Management · Climate Change Policy and Economics · Energy, Environment, and Transportation Policies · Environmental Science · Fiscal Policy and Economic Growth · Geology · Oceanography
British Columbia’s revenue-neutral carbon tax
Residential energy use and conservation
Green Taxes in a Post-Paris World
Using Synthetic Controls
Synthetic Control Methods for Comparative Case Studies
The role of Financial Development and Technological Innovation towards Sustainable Development in Pakistan
Achieving the objectives of the 2030 sustainable development goals agenda
Carbon Tax at the Pump in British Columbia and Quebec
Policy Commentary/Commentaire BC’s Carbon Tax Shift Is Working Well after Four Years (Attention Ottawa)
Comparative Politics and the Synthetic Control Method
| Highly cited | No |
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