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Jobs and Climate Policy: Evidence from British Columbia's Revenue-Neutral Carbon Tax

45 Pages Posted: 25 Apr 2017  

Akio Yamazaki

University of Calgary - Department of Economics

Date Written: October 28, 2015

Abstract

This paper examines the employment impact of British Columbia’s revenue-neutral carbon tax implemented in 2008. While all industries appear to benefit from the redistributed tax revenues, the most carbon-intensive and trade-sensitive industries see employment fall with the tax, while clean service industries see employment rise. By aggregating across industries I find the BC carbon tax generated, on average, a small but statistically significant 0.74 percent annual increases in employment over the 2007-2013 period. This paper provides initial evidence showing how a revenue-neutral carbon tax may not adversely affect employment.

Keywords: environmental regulation; carbon tax; employment; unilateral climate policy

JEL Classification: E24, H23, J2, Q5

Suggested Citation

Yamazaki, Akio, Jobs and Climate Policy: Evidence from British Columbia's Revenue-Neutral Carbon Tax (October 28, 2015). Journal of Environmental Economics and Management, Vol. 83 pp. 197-216, 2017. Available at SSRN: https://ssrn.com/abstract=2958020

Akio Yamazaki (Contact Author)

University of Calgary - Department of Economics ( email )

2500 University Drive, NW
Calgary, Alberta T2N 1N4
Canada

HOME PAGE: http://akioyamazaki.weebly.com/

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