Canada’s carbon price will increase on April 1. By how much?
Global News
Canada’s carbon price is set to increase next month despite provincial leaders like Newfoundland Premier Andrew Furey calling for a halt. Here's what you need to know.
Canada’s carbon price is set to increase next month despite several premiers asking Ottawa for a pause.
The carbon price is a “cornerstone policy” of Prime Minister Justin Trudeau’s minority Liberal government, said Hadrian Mertins-Kirkwood, a senior researcher with the Canadian Centre for Policy Alternatives.
But provincial leaders like Newfoundland and Labrador Liberal Premier Andrew Furey are calling for a halt over affordability concerns.
But how much is the carbon price going up? Here is what you need to know.
The looming April 1 carbon price hike is not an “unexpected increase,” Mertins-Kirkwood said.
“The idea is that by putting a price on pollution, people will use fewer fossil fuels, and that drives down overall emissions from the economy,” Mertins-Kirkwood told Global News.
Annual increases make up the government’s overall pricing scheme. In fact, increases are planned until at least 2030.
“A province or territory can decide to voluntarily adopt the federal pricing system,” the government said on its website.
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