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Archive for March, 2010

A new poll on how we should fight poverty.

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Originally a report for Environmental Economics last term, I put this report on line today, recommending that the Province of Manitoba look at greening the income tax system. The report, suggest that, based on research, provided that the current level of carbon dioxide in the atmosphere around 387 parts per million (ppm) in the atmosphere, which is above the acceptable levels of 350, the planet is at risk.

Because carbon dioxide is a trace gas and gets trapped in the atmosphere, this contributes to the heating of the atmosphere, called the Green House Gas Effect. This makes the atmosphere warmer.

This has caused temperatures to rise, and according to the Intergovernmental Panel on Climate Change, could rise, to as much as ten Celsius within the very northern parts of Canada.  This increase in temperatures, may not only affect local weather (example could be increased rain storms in Manitoba winters), but as well as economies as well. The Stern Report, released in 2006 pointed that Gross Domestic Product could fall between 5-10 percent on average. Also in the findings, was a report by Swiss Re, saying that insurance costs based on findings could rise as much as $45 million annually.

In order to combat reduce and find the best pricing system for carbon dioxide, Manitoba should implement a carbon tax system. This would include the following:

– Put a tax rate on carbon outlets like diesel, gasoline, coal, etc.

– Make the system revenue neutral, by cutting income taxes specifically for lower and middle-income people, those who would be effected.

– Have a panel of citizens, environmentalists, economists, and business people debate and create what rates should carbon be taxed at.

– Create new investment opportunities in green technologies for low to middle-income people with a new credit, similar to the Manitoba Community Enterprise Credit. Some examples of small-scale green technology business opportunities range from local consumer/worker co-operative solar projects as well as small private run alternative energy projects.

The report also recommends that the carbon tax is the best carbon pricing system, because a tax eliminates the need for regulatory costs, with emission regulation, while at the same time, eliminating big polluters monopolizing the tradeable emission permit system by buying out all the permits.

For more information contact Adam Johnston at moderneconomicstechenviro@gmail.com.

Greening Manitoba’s tax system

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Greetings

Welcome to the Manitoba Modern Economics, Technology and the Environment. I hope that this will be the start of a discussion on how the province of Manitoba can be at the fore front in new ground breaking market ideas to solve poverty, environmental and technology issues.

Manitoba has stagnated, compared to other provinces on issues pertaining to poverty and the environment because of the lack of think tanks in this province. Part of that reason, also has to go to that neither (more…)

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