Canada’s Trudeau Promises $170 / Ton Carbon Tax by 2030

Canadian Prime Minister Justin Trudeau, his wife Sophie Gregoire, and daughter Ella-Grace wave as they board a government plane in Ottawa, Monday August 29, 2016. THE CANADIAN PRESS/Adrian Wyld
No kids,

Guest essay by Eric Worrall

Canada PM Justin Trudeau has promised to make manufacturers pay $170 / ton of CO2 for the crime of providing Canadians with jobs and economic security.

Trudeau hikes carbon tax, positions Canada to hit climate goal

Prime Minister Justin Trudeau stepped up efforts to hit Canada’s emissions targets by 2030, pledging billions in new money to combat climate change and increasing his marquee carbon tax.

The measures, announced Friday in Ottawa by Trudeau and Environment Minister Jonathan Wilkinson, seek to put the resource-rich northern nation on track to cut greenhouse-gas emissions by as much as 40 per cent below 2005 levels by the end of this decade, versus the current 30 per cent goal.

Central to achieving that will be an increase in the government’s carbon price to $170 (US$133) per metric ton by 2030. It was already on track to hit $50 two years from now, and will increase by $15 a year after that. Though revenue from the levy is returned to the provinces via consumer rebates, it’s being challenged in the courts by oil-producing Alberta and others.

“There are still places in this country that want pollution to be free again,” Trudeau told reporters. “We are going to continue to increase the price on pollution and give more money back to Canadians and their families.”

Read more:

The official Canadian Government release describes the plan to raise carbon taxes to $170 / ton of CO2 by 2030 (page 26).

As far as I can tell the easiest way to escape this punitive tax is to export carbon intensive manufacturing jobs to “developing countries” like China.

Under the Paris Agreement China gets to defer any obligation for meaningful carbon action until 2030.

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via Watts Up With That?

December 12, 2020 at 04:15PM

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