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The Government of Canada releases technical paper on pricing carbon pollution

From Environment and Climate Change Canada:

Pricing carbon pollution will help Canada reduce emissions and grow a clean economy

May 18, 2017 – Ottawa, Ontario – The Government of Canada is committed to addressing climate change while building a clean, innovative economy and creating good middle-class jobs. That’s why the Prime Minister and Premiers from across the country came together in December 2016 to advance climate action.

Right now, 97 per cent of Canadians live in provinces that already have a price on carbon pollution, or are working towards it. Today, the Government of Canada released a technical paper that outlines a proposed federal carbon pricing option for provinces that choose not to have their own system in place in 2018.

Ensuring polluters pay in every province is central to a credible plan to tackle climate change. It reduces pollution and gives the incentive to companies to innovate and create cleaner solutions. And it provides certainty to businesses that we are moving to a clean-growth economy. That is why companies across Canada, from banks, to transportation firms, to oil and gas industry, have called for a price on carbon. They know pricing pollution makes good business sense.

Whichever system is implemented – federal or provincial – revenues will remain in the provinces. Revenues from carbon pricing can be used to lower taxes, like in British Columbia, or support low-and middle-income families, like in Alberta. Ontario and Quebec invest their revenues in innovative green programs that create good jobs. For the federal option, we are evaluating how best to return the revenues, for example, by giving it back to individuals and businesses in the province.

Comments on the proposed federal option are welcome until June 30, 2017, at Carbonpricing-tarificationcarbone@canada.ca. These comments will help to inform the legislation and the design of the final carbon pricing system.

Technical Paper

Click here to download the technical paper, or view it interactively below.

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