$12 billion over ten years to fund public transit through eco-taxation

$12 billion over ten years to fund public transit through the é ;cofiscality

DAY

The Government of Quebec could raise $12 billion in revenue over ten years to fund public transit thanks to new eco-fiscal measures and the fight against climate change.

This is the conclusion reached by the Institute for Socioeconomic Research and Information (IRIS) in a new study published on Thursday.

For IRIS, three practical measures can make up for the shortfall in the operating budgets of public transport networks. The organization proposes to devote part of the QST revenue on fuel to public transit, to increase the contribution of light trucks such as SUVs and to increase the tax on luxury vehicles.

“ By devoting the revenues from ecotaxation to a fund dedicated to public transit, the government will encourage Quebecers to make ecological choices in terms of mobility,” indicated Colin Pratte, researcher at IRIS and co-author of the study.

According to the IRIS study, greenhouse gas emissions attributable to light transport have jumped by 26% in 30 years in Quebec, thus offsetting by half the emissions made by Quebec industries.

“These data clearly show the persistence of Quebecers in using individual vehicles to get around, which limits the possible gains in terms of reducing greenhouse gases,” lamented the researcher.

“Improving the public transport network would not only help households reduce their dependence on the automobile, but it would also help protect their purchasing power against inflation,” explained Bertrand Schepper, researcher and co-author of study.

Underfunded

Mass transit systems suffer from significant underfunding caused in part by a decline in l traffic during the COVID-19 pandemic, which could cause the regional metropolitan transport authority (ARTM) to lose $150 to $200 million.

Mr. Schepper notes that tax revenues from public transit use are growing five times faster than those from road use, including registration fees and gasoline taxes.

< p>“We must correct the imbalance between the contribution of motorists and that of people who use public transport if we want to reduce the bill that they assume,” he pleaded.