Won't we have problems competing with our trading partners who don't have carbon taxes?

A number of countries in the Europoean Union have carbon taxes and have taken other measures to decrease their emissions. They aren't very happy with countries such as Canada that haven't taken their Kyoto obligations seriously, and punitive trade measures have been proposed to deal with the inequity.

Assuming that our other major trading partners move in the direction of emissions control, early action by Canada will give our economy a competitive advantage.