Prime Minister Justin Trudeau will push the world to negotiate a minimum price on pollution at the COP26 climate talks in Glasgow today.
Trudeau will start his second and final day at the annual climate negotiations by co-hosting a carbon pricing event where he will showcase Canada's carbon price as one of the most ambitious in the world.
He compares the idea to the 15-per-cent minimum corporate tax more than 130 countries have now signed on to implement in a bid to stop big multinational corporations from avoiding taxes by funneling their profits through low-tax countries. Leader Erin O'Toole promised to implement a version of a carbon price in the recent election with a rewards-card like system.
But rebate cheques are included with tax returns to make the program revenue neutral. The idea is that a carbon price shouldn't leave families with less money, but provide an incentive to find ways to cut down on fossil fuel use by making it cost more. A separate policy for big industrial emitters uses the same price but is only charged on a portion of total emissions produced, rather than on the fuels those emitters buy to operate their machinery.
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