New research projects carbon tax could cut emissions by more than 100 million tonnes a year by 2030
Canada’s carbon price could slash greenhouse-gas emissions by more than 100 million tonnes a year by 2030, but only about one-fifth of that will come from the consumer carbon price at the centre of Conservative attacks.
He made the comments as the minority Liberal government faced the remote prospect of a confidence vote Thursday thanks to a Conservative motion over carbon pricing. He also said the reason is simple math: big industry emits far more than households and small businesses do, so cutting its emissions delivers a bigger impact.
Conservative Leader Pierre Poilievre is adamant that if he wins the next election, consumer carbon pricing is toast. He has been less clear about the big emitters system. Manitoba, Prince Edward Island, Yukon and Nunavut use both the federal consumer levy and Ottawa’s big emitters program.
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Canada's carbon price could slash emissions by over 100 million tonnes by 2030A new analysis by the Canadian Climate Institute suggests that Canada's carbon price could reduce greenhouse-gas emissions by more than 100 million tonnes annually by 2030. However, only a small portion of this reduction will come from the consumer carbon price, which has been the target of Conservative criticism. The analysis indicates that all existing climate policies combined could cut emissions by 226 million tonnes in 2030, with consumer carbon pricing contributing between 19 million and 22 million tonnes, and industrial carbon pricing contributing between 53 million and 90 million tonnes. The report emphasizes that the industrial carbon price is the primary driver of Canada's climate plan.
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