Canadian climate change plan
April 27, 2007 12:04 PM Subscribe
The Canadian government has released its new Turning the Corner plan for regulating greenhouse gases, setting mandatory intensity-based emission targets (18% reduction over three years) for major industrial sectors. Firms exceeding their targets will be required to pay $15/tonne starting in 2010. Expected cost: $7-8B per year, offset by an expected $6B benefit from improved health. Kyoto targets won't be reached until 2020, eight years late. Reaction from industry, Alberta, the Opposition. Previous proposal from Opposition leader Stephane Dion. Previously.
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