Canada Must Double Its Carbon Tax To Reach Emissions Target: Report
Sumaira FH 5 days ago Sat 15th June 2019 | 12:41 AM
Ottawa, June 13 (UrduPoint / Pakistan Point News - 15th Jun, 2019 ) :Canada is falling so far behind on its emissions goal under the Paris Agreement that it would have to double its unpopular carbon tax to catch up, a parliamentary budget officer said Thursday.
It is scheduled to increase incrementally to Can$50 over the coming years.
Six other provinces were initially exempt because each has come up with their own carbon tax or cap and trade system to help Canada meet its Paris Agreement target of reducing CO2 emissions by 30 percent from 2005 levels by 2030.
But Parliamentary Budget Officer Yves Giroux said in a report that the Ottawa's projection "shows that Canada will not meet its emissions target under current policies and measures." "PBO estimates that an additional carbon price of Can$52 per tonne in 2030 would be required to achieve Canada's target under the Paris Agreement," he said.
The levy is unpopular with a large segment of the population -- 45 percent, according to a recent Forum poll -- as well as the opposition Conservatives who have vowed to repeal it if they unseat Trudeau's Liberals in October elections.
Manitoba and Ontario also launched separate legal challenges.
Meanwhile, a new Tory government in Alberta in its first legislative act last week scrapped a provincial carbon tax, while vowing to fight the soon-to-be imposed federal backstop.