There are a couple of things to note, however.
(The basic slide above is due to Dr Glen Peters of CICERO. Embellishments emphasizing the $500/tonne and $1000/tonne hacks on the ordinate and the heading “What about a price on Carbon?” were added by this author for emphasis.)
And here are two more detailed assessments:
- S. A. de Sá, J. Daubanes, Limit pricing and the (in)effectiveness of the Carbon tax, OxCarre Research Paper 136, University of Oxford, November 2014
- D. Rynan, N. A. Razek, The likely effect of Carbon pricing on energy consumption in Canada, University of Ottawa, May 2012