Canada ready to impose pollution caps, fuel tax on provinces

May 19, 2017 by Ronjoy Bezbarua

(Source: Nasdaq) Canada said on Thursday it planned to impose a cap on pollution in provinces that refuse to adopt a national price on carbon, setting up a potential fight with the country’s powerful energy-rich west. Last December the government of Prime Minister Justin Trudeau reached a deal with eight of the 10 provinces to introduce a carbon price as part of a push to curb emissions of greenhouse gases. The federal environment ministry on Thursday proposed a levy on fossil fuels that would increase annually and also said it wanted to set limits on pollution. The more a facility exceeded its target, the more it would pay. Under Trudeau’s plan, carbon pollution would cost C$10($7.35) a tonne in 2018, rising by C$10 a year until it reaches C$50 in 2022. The provinces can either implement a carbon tax or a cap-and-trade market and eight have already announced plans to go for one of the two options. Read full article….

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