Wednesday, October 05, 2016

Trudeau Says Canada to Implement Carbon Tax

Justin Trudeau (Credit: Click to Enlarge.
Canadian Prime Minister Justin Trudeau said Monday that Canada will impose a tax on carbon emissions starting in 2018 as part of its efforts to meet targets set by the Paris climate change accord.

Trudeau made the announcement in Parliament on Monday as debate started over whether Canada should ratify the Paris accord on climate change.  The House of Commons is expected to approve the Paris accord in a vote on Wednesday.

Trudeau said provinces and territories can either put a direct tax on carbon emissions of at least $10 Canadian (US$7.60) a ton or adopt a cap-and-trade system.  If a province fails to do either by 2018, the federal government will implement a basic carbon tax of $10 a ton, rising by $10 a ton per year until it reaches $50 Canadian (US$38.11) a ton by 2022.

Read more at Trudeau Says Canada to Implement Carbon Tax

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