In a landmark decision, the Canadian government has announced new measures to combat climate change and reduce greenhouse gas emissions. The plan, which was unveiled by Prime Minister Justin Trudeau, includes a carbon tax on provinces that do not have their own carbon pricing system in place. This move is part of Canada’s commitment to the Paris Climate Agreement and its goal of reducing emissions by 30% below 2005 levels by 2030.
The carbon tax will be set at $20 per tonne of carbon dioxide emissions starting in 2019, and will increase by $10 per year until it reaches $50 per tonne in 2022. The revenue generated from the tax will be returned to households in the form of rebates, with the majority of low and middle-income families receiving more money back than they pay in carbon taxes. This approach aims to not only reduce emissions, but also protect the most vulnerable members of society from the financial burden of the tax.
Additionally, the government has also announced investments in clean energy and technology, as well as incentives for businesses to reduce their carbon footprint. These measures are expected to create new jobs and stimulate economic growth while also helping Canada reach its emission reduction targets.
This decision has been met with both praise and criticism, with some applauding Canada’s leadership in addressing climate change and others expressing concerns about the potential impact