Getting to the real cost of cheap groceries GlobeBusiness
. This may be good news for a demographic in need of cash, but in the end, we are all likely to see inflation go up, which will eventually hit the prices we find at restaurants and in grocery stores, whether we get rebates or not. Energy is required to get the food we need, but the extent of its impact on food prices remains unknown. One report published in 2012 suggested that the effect of a $50 a tonne carbon tax on food prices would be 3 per cent.
Carbon pricing may discourage food importers from buying certain goods overseas, which will give local food products more of a chance. Based on past research on carbon pricing, there is strong evidence that companies and consumers are influenced by carbon pricing and eventually make alternative choices. These choices end up being better for the environment. Carbon pricing will discriminate against certain food categories for which the carbon footprint is more substantial, no doubt.
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