2 posts tagged with carbontax by russilwvong.
Displaying 1 through 2 of 2.
The revenue-neutral carbon tax: an idea whose time has come? The British Columbia government has just introduced a carbon tax, starting at $10/tonne in July 2008 and rising to $30/tonne in 2012. All revenues from the tax (close to $2 billion over three years) will be returned to taxpayers in the form of income tax cuts, reducing income and corporate taxes to the lowest levels in Canada. Details from the BC budget. Globe and Mail. [more inside]
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.