INTIEACanada · A Healthy Environment and a Healthy Economy - Carbon pricing and support for householdsPolicyIn force

A Healthy Environment and a Healthy Economy - Carbon pricing and support for households

One of the five pillars of the CAD15 billion A Healthy Environment and a Healthy Economy climate plan, announced in December 2020, is a collection of actions focused on climate change action through carbon pricing and supporting measures for households. Specific steps include…

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EffectiveJan 01, 2020
Last changeMar 28, 2024

Country / jurisdiction: Canada · Year: 2020 · Status: In force · Level: National · Type: Voluntary

One of the five pillars of the CAD15 billion A Healthy Environment and a Healthy Economy climate plan, announced in December 2020, is a collection of actions focused on climate change action through carbon pricing and supporting measures for households. Specific steps include to: - Propose increasing the price on carbon by $15 a tonne from 2023 until the price reaches $170 a tonne by 2030, while returning the proceeds to households so that the majority receive more money back than they pay in provinces where the federal system applies. - Move from carbon pollution pricing rebate payments being distributed annually to a quarterly basis, starting as early as 2022. - Explore the potential of border carbon adjustments and discuss this issue with international partners such as the EU and US

Official source: https://www.canada.ca/en/environment-climate-change/news/2020/12/a-healthy-environment-and-a-healthy-economy.html

Source

https://www.iea.org/policies/12691

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