KAIROS Policy Briefing Update: X + Y = Z: Our Formula for a Green Fiscal Policy

Every year the Canadian government spends millions of dollars on subsidizing oil and gas extraction, a prime cause of climate change, while federal expenditures on energy efficiency, conservation and renewable alternatives remain woefully inadequate. This briefing paper summarizes some proposals for reorienting federal fiscal policy away from spending on polluting hydrocarbons and towards green alternatives. We call our formula “X + Y = Z” where X represents wasteful subsidies on fossil fuels, Y stands for revenues that could be raised through putting a price on carbon emissions and Z signifies areas where additional spending is needed on green initiatives.


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Filed in: Ecological Justice


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