Canada’s carbon pricing: How much is it and how does it work? What you need to know

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 92%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Canada’s federal carbon tax increases today. Here’s a primer on carbon pricing, how it works and why it a signature part of Ottawa’s plan to fight climate change.

Here’s what you need to know about how carbon pricing works and what it means for you.Carbon pricing means charging a minimum cost for fossil fuels like gasoline, diesel and coal, and the goods made from them, so that their prices come closer to the real environmental costs. This can be applied either as a tax on goods produced or sold, or as carbon permits that corporations can trade on a regional market .

The federal government recently outlined the carbon price rebate amounts for 2022, which for the first time will be paid in installments rather than all at once. Only the four provinces directly involved in the federal system – Alberta, Saskatchewan, Manitoba and Ontario – receive the rebates, which are intended to prevent families from hurting financially for paying the carbon price while still having an incentive to save more money by using less greenhouse-gas emitting fuel.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Actuallyhow it works = it doesn't. Unless making prices so high it's unaffordable for anyone to drive at all is the goal. Also, the highest emitters pay the lowest amount. Someone make it make sense

Too many sweet words deceived me into investing with a fake manager I lost $3,000 Geoffrey was swift to help when I came across him I got my money back, earn with Geoffrey100k I trust him I have earn over $15k with him and more are still coming

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ENERGY

Energy Energy Latest News, Energy Energy Headlines