This report looks at the carbon pricing policies and systems across Canada.
Clearing the Air With a Complex System: A Pan-Canadian Approach to Carbon Pricing and Reducing GHG Emissions
Clearing the Air With a Complex System: A Pan-Canadian Approach to Carbon Pricing and Reducing GHG Emissions
Canadian Economic Analysis
Sustainable Economy
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- Carbon pricing is a pillar of the Pan-Canadian Framework (PCF) on Clean Growth and Climate Change, the governments’ road map for meeting Canada’s commitment to reduce its GHG emissions to 30 per cent below 2005’s levels by 2030.
- Benchmark criteria have been set by the federal government for provinces and territories developing their own carbon pricing systems.
- A federal carbon pricing backstop is meant to apply, in part or in whole, where the benchmark criteria is not met or where a carbon pricing system is not in place as of 2019.
- By 2019, it is anticipated that carbon pricing will be in effect across Canada. At least $6.1 billion will be collected by governments across Canada in carbon revenues for fiscal year 2018–19.
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