Carbon pricing ‘most cost-effective’ way to reduce greenhouse gas emissions, but not a ‘panacea’ to meet Paris targets, experts say

The nuts-and-bolts behind the Canadian government's carbon pricing plan.

Canada's carbon price is scheduled to increase until 2022 when each tonne emitted will be taxed at $50. The Alberta oil sands, pictured, accounts for nearly 10 per cent of Canada's carbon emission.The Hill Times file photograph

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BY NEIL MOSS

March 11, 2019

In order to reduce greenhouse gas emissions, Canada's Liberal government has a direct price on carbon dioxide emissions that will start at $20 per tonne, and increase by $10 each year until 2022 when it will reach $50 per tonne. The Canadian government has estimated that the pricing system “could�...

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