Prime Minister Trudeau has announced a national price on greenhouse gas emissions starting at $10 a tonne in 2018 and rising to $50 a tonne in 2022. This is one piece of the Liberals’ ambitious agenda on climate change policy. Of course, implementing such policies is more difficult than announcing them. This plan is ambitious and complex, with many details to be clarified. But it should refocus our national discussion on actual policies, which will be better than talking about hypothetical targets.
The national price sets a minimum standard to be met or surpassed by provincial policy – Ottawa will impose it only if provinces do not act, and will return all proceeds to the provinces. Provinces that impose a price equal to or greater than the federal minimum – via a carbon tax or hybrid policy, or through cap-and-trade – will not see additional federal carbon pricing. read more >>