The Greenhouse Gas Pollution Pricing Act became law in June 2018, making it illegal to pollute anywhere in Canada. Carbon pollution knows no borders, but greenhouse gas emissions are a global concern.
The federal backstop puts more money in the pockets of the majority of families in states where it operates. It is a tried-and-true, reliable, and cost-effective method of lowering emissions. According to her, putting a price on carbon emissions stimulates climate change and creativity.
The Government of Canada is returning the majority of revenues directly to households in Saskatchewan, Manitoba, Ontario, and Alberta via Climate Action Incentive payments. On March 25, 2021, the Supreme Court of Canada ruled in favour of Canada.
In Ontario, a family of four will earn $600, $720 in Manitoba, $1,000 in Saskatchewan, and $981 in Alberta. The majority of families in these provinces will receive additional funds, with low-income families benefiting the most.
Canada’s effective carbon emissions pricing strategy exemplifies how the country can fulfill both its economic and environmental needs. The federal “benchmark criteria,” which are used to evaluate provincial programs, are being reviewed by the government. The Supreme Court’s decision means that the government will keep working on this initiative.
News and picture source: Canada.ca