Americas > Canada may need nearly C$300/tonne carbon price to hit 2030 Paris goal -gov’t report

Canada may need nearly C$300/tonne carbon price to hit 2030 Paris goal -gov’t report

Published 16:50 on October 8, 2020  /  Last updated at 22:51 on October 8, 2020  /  Americas, Canada, Carbon Taxes, International  /  No Comments

Canada’s GHG reduction target may require a CO2 price of almost C$300 ($226) per tonne under the country’s ‘backstop’ fossil fuel levy and output-based pricing system (OBPS) if no additional climate policies are implemented, a government report said Thursday.

Canada’s GHG reduction target may require a CO2 price of almost C$300 ($226) per tonne under the country’s ‘backstop’ fossil fuel levy and output-based pricing system (OBPS) if no additional climate policies are implemented, a government report said Thursday.

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