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Canada’s Carbon Tax Needs to Spread South of the Border
https://www.technologyreview.com/s/602539/canadas-carbon-tax-needs-to-spread-south-of-the-border/[font face=Serif][font size=5]Canada’s Carbon Tax Needs to Spread South of the Border[/font]
[font size=4]The U.S.’s northern neighbor has announced a bold step toward reducing its carbon emissions. Can America follow suit?[/font]
by Jamie Condliffe | October 4, 2016
[font size=3]Nobody likes taxes. So it’s a brave move by Justin Trudeau, Canada’s prime minister, to announce that the entire country must pay if it continues to burn fossil fuels.
The policy change will demand that Canada’s provinces and territories either put a direct tax on carbon emissions or else adopt a cap-and-trade system. The former will be set at 10 CAD ($7.60) per ton, rising by 10 CAD per year until 2022, when it will top out at 50 CAD ($38) per ton.
In a rousing address to the Canadian House of Commons, Trudeau explained:
The move is undoubtedly a positive step toward encouraging the adoption of renewable energy. Though it isn’t the most aggressive carbon tax ever suggested, it is, crucially, being enacted as policy—signalling a strong commitment on Canada’s part to reduce its carbon emissions.
…[/font][/font]
[font size=4]The U.S.’s northern neighbor has announced a bold step toward reducing its carbon emissions. Can America follow suit?[/font]
by Jamie Condliffe | October 4, 2016
[font size=3]Nobody likes taxes. So it’s a brave move by Justin Trudeau, Canada’s prime minister, to announce that the entire country must pay if it continues to burn fossil fuels.
The policy change will demand that Canada’s provinces and territories either put a direct tax on carbon emissions or else adopt a cap-and-trade system. The former will be set at 10 CAD ($7.60) per ton, rising by 10 CAD per year until 2022, when it will top out at 50 CAD ($38) per ton.
In a rousing address to the Canadian House of Commons, Trudeau explained:
“There is no hiding from climate change. It is real and it is everywhere. We cannot undo the last 10 years of inaction. What we can do is make a real and honest effort—today and every day—to protect the health of our environment, and with it, the health of all Canadians.”
The move is undoubtedly a positive step toward encouraging the adoption of renewable energy. Though it isn’t the most aggressive carbon tax ever suggested, it is, crucially, being enacted as policy—signalling a strong commitment on Canada’s part to reduce its carbon emissions.
…[/font][/font]