Carbon pricing can reduce GHG emissions and maintain healthy economic performance, but only if done right
3 October 2017 – Carbon pricing is coming to Canada’s Atlantic provinces. They are part of the Pan-Canadian Framework on Clean Growth and Climate Change (PCF), which kicks in by 2018 and requires carbon pricing across the country. The PCF provides flexibility for provinces to choose their own carbon pricing system, creating room for different approaches: a carbon tax in B.C., cap-and-trade systems in Ontario and Quebec, and a hybrid approach in Alberta. For achieving policies that are effective at reducing GHG emissions and cost-effective in creating the least economic disruption, Canada’s Ecofiscal Commission advocates three recommendations: policies should be sufficiently stringent, apply broadly, and consider the unique challenges of small provinces. Read the full article on the Canada’s Ecofiscal Commission website.