Canada to raise carbon price to C$170 by 2030, narrow Clean Fuel Standard scope

Published 17:23 on December 11, 2020  /  Last updated at 12:20 on December 17, 2020  /  Americas, Canada, Carbon Taxes, CBAM, Climate Talks, International, RINs & LCFS  /  No Comments

Canada will hike the CO2 price under its ‘backstop’ carbon pricing regime by C$15/tonne annually between 2023 and 2030, hitting C$170 ($133) by the end of the decade as the country rolls out new measures to overachieve on its Paris Agreement target, the government announced Friday.

Canada will hike the CO2 price under its ‘backstop’ carbon pricing regime by C$15/tonne annually between 2023 and 2030, hitting C$170 ($133) by the end of the decade as the country rolls out new measures to overachieve on its Paris Agreement target, the government announced Friday.

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