What is the effect of climate policies on inflation and economic activity? Answering this question is critical for central banks trying to achieve price stability. This paper studies the experience from existing carbon taxes in Canada and Europe, introduced over the last 30 years. Based on two...

Canada's position as a global leader in oil and gas production, as well as a proponent of emissions reduction, has led to significant support for the commercialization of carbon capture, utilization and storage (CCUS) technology. Viewed as the best way to reduce emissions from heavy industry,...