Canada Will Tax Carbon Emissions To Meet Paris Climate Pact Targets

"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."

The Associated Press had the story October 3, 2016.

SEE ALSO:

"Canada Unveils Carbon Price, Energy-Producing Provinces Unhappy" (Reuters)

"Justin Trudeau Gives Provinces Until 2018 To Adopt Carbon Price Plan" (CBC News)