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Home Canada Daily

A carbon tax must rise if Canada is to meet Paris emission targets, PBO says

by Shomporko
October 9, 2020
in Canada Daily
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A carbon tax must rise if Canada is to meet Paris emission targets, PBO says
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The parliamentary budget officer says the federal carbon tax would need to ascend over the coming years if the nation is to meet outflow decrease focuses under the Paris climate accord.

The issue is by how much and whether the expenses are shared extensively.

The carbon tax is as of now set to ascend to $50 per ton of emissions by 2022 and the Liberals have not said what the way for the levy maybe after that.

In a report today, budget officer Yves Giroux gauges the tax should ascend to $117 per ton by 2030 on the off chance that it is applied to all industries.

But if the government caps the levy at $50 per tonne for big industrial emitters, households and other sectors of the economy would need to cover the distinction, requiring a levy of $289 per ton in 2030.

The situations imagined by the budget office accept the government fuel charge applies to all provinces and territories post-2022, and that carbon taxes are the main measure used to close the emissions gap.

Photo credit: THE CANADIAN PRESS/Christopher Katsarov

Tags: Canada#A carbon tax must rise if Canada is to meet Paris emission targets
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