Thomas Paine

Thomas Paine
"These are the times that try men's souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands by it now, deserves the love and thanks of man and woman."

Tuesday, 4 October 2016

Canada will tax carbon emissions to meet Paris climate agreement targets

From the Guardian - Prime minister Justin Trudeau made the announcement in parliament as debate started over whether Canada should ratify the Paris accord on climate change

"The Canadian prime minister, Justin Trudeau, said on Monday that Canada will impose a tax on carbon emissions starting in 2018 as part of its efforts to meet targets set by the Paris climate change accord.

Trudeau made the announcement in parliament as debate started over whether Canada should ratify the Paris accord on climate change. The House of Commons is expected to approve the Paris accord in a vote on Wednesday.

Trudeau said provinces and territories can either put a direct tax on carbon emissions of at least $10 Canadian ($7.60) a ton or adopt a cap-and-trade system. If a province fails to do either by 2018, the federal government will implement a basic carbon tax of $10 a ton, rising by $10 a ton per year until it reaches C$50 a ton by 2022.

“There is no hiding from climate change,” Trudeau told the Commons. “It is real and it is everywhere. We cannot undo the last 10 years of inaction. What we can do is make a real and honest effort – today and every day – to protect the health of our environment, and with it, the health of all Canadians.”

The full article can be read here.

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