Canadian climate change plan
April 27, 2007 12:04 PM
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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.
posted by russilwvong (12 comments total)
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posted by anthill at 12:15 PM on April 27, 2007