Canada To Raise Federal Carbon Tax To $170 A Tonne By 2030. Effectively Increasing Gas Prices By 37.57 Cents

More @CBCNews: The federal government will gradually raise the federal carbon tax to $170 a tonne by 2030. Beyond the carbon tax hike, the government is promising $15 billion in new spending on climate initiatives over the next 10 years.

Prime Minister Justin Trudeau today released the government's strategy to dramatically reduce greenhouse gas emissions by 2030 — and its centrepiece is a gradual hike in the federal carbon tax on fuels to $170 a tonne by that year.

Ottawa to hike federal carbon tax to $170 a tonne by 2030, The price of gas at the pump will increase by at least 37.57 cents a litre as a result.

Prime Minister Justin Trudeau today released the government's strategy to dramatically reduce greenhouse gas emissions by 2030 — and its centrepiece is a gradual hike in the federal carbon tax on fuels to $170 a tonne by that year.

Beyond the carbon tax hike, the government is promising $15 billion in new spending on climate initiatives over the next 10 years — money earmarked for improvements to the country's electric vehicle charging infrastructure, rebates and tax write-offs for zero-emissions vehicles and funding for home retrofits, among dozens of other proposed policies.

The carbon tax will increase significantly from its current level — the tax is just $30 a tonne this year — as part of a push to meet and surpass Canada's ambitious goal of reducing greenhouse gas (GHG) emissions by 30 per cent below 2005 levels by 2030.

Source: CBCAlerts, post, Canada PM

 

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