Canada adopts carbon fee and dividend to rein in climate change

  • Beginning in 2019, Canada’s federal policy will put a rising fee on carbon emissions and return the revenue directly to Canadians.
  • The policy applies a tax on carbon starting at $20 per ton in 2019, rising $10 per ton annually until it reaches $50 per ton in 2022.
  • Residents and businesses in Ontario, Saskatchewan, Manitoba and New Brunswick, the four provinces subject to the federal tax, will receive rebate checks that will exceed the amount of the carbon tax paid by the average family.

Read full Citizen’s Climate Lobby article here

WASHINGTON, D.C. — Carbon fee and dividend, the solution to tackle climate change proposed by Citizens’ Climate Lobby, has emerged as the default policy in Canada to price carbon and reduce the greenhouse gas emissions contributing to global warming. The federal policy is a backstop to cover the four provinces that have not initiated their own carbon-pricing policies. Nearly half of Canadians live in these provinces.

….Trudeau summed up the problem simply in today’s announcement: “It is free to pollute, so we have too much pollution.” He presented the solution simply too, saying, “Starting next year, it will no longer be free to pollute anywhere in Canada. We are going to place a price on the pollution that causes climate change from coast to coast to coast. We’re also going to help Canadians adjust to this new reality.”

He stated that a family of four would receive $307 with their tax return this spring. That will more than double to $718 by 2022. Using one province as an example, Trudeau said, “Eight in 10 Ontario families will get back more than they pay.” The policy also includes extra support for small, rural and remote Canadian communities. Trudeau emphasized that “every nickel” of the carbon pricing revenue would be returned to Canadians…..