BC’s recently sworn-in New Democratic Party (NDP) government presented its first provincial budget on September 11, 2017. Among the policy measures announced were changes to the BC carbon tax. In particular, the Budget 2017 Update (2017/18 – 2019/20) provides for the following:
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- As of April 1, 2018, the carbon tax will increase by $5 per tonne of carbon dioxide equivalent (CO2e) per year until it reaches the federal target carbon price of $50 on April 1, 2021 (one year before Ottawa’s 2022 deadline). BC’s carbon tax is currently set at $30 per tonne of CO2e.
- Part 2 of the Carbon
The following post by Selina Lee-Andersen on our Canadian ERA Perspectives blog may be of interest to readers of this blog: Alberta Moves Forward with Climate Change Initiatives in Budget 2016
As part of its strategy to kick-start the economy, the Alberta government has earmarked almost $8.5 billion in its latest budget to build and modernize major public infrastructure. Released on April 14, 2016, Budget 2016 allocates $634 million to various climate change initiatives in addition to funds for roads and bridges, flood recovery and municipal infrastructure support.… Continue Reading
The following post by Selina Lee-Andersen on our Canadian Energy Perspectives blog may be of interest to readers of this blog: Policy Considerations when Carbon Taxes Meet Cap-and-Trade
As we recently reported, British Columbia’s (BC) Climate Leadership Team prepared a report setting out 32 recommendations for BC’s climate policy path forward. Recommendation 29 states that: If the majority of Canadian provinces opt for carbon pricing via emissions trading to cover greenhouse gases from large final emitters, a review should be undertaken of mechanisms to integrate a carbon tax with a cap and trade framework for the BC context.… Continue Reading