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Canada 'Will Not Hit Climate Change Targets'

by Mike Godfrey, Tax-News.com, Washington

12 April 2018


Canada's auditors general have published a collaborative report on the country's response to climate change, which raises concerns about the success of the action taken by governments.

The report is a result of collaborative action by auditors general from across Canada. The aim of the project was to assess whether the federal, provincial, and territorial governments had met their commissions to reducing greenhouse gas emissions and adapting to climate change.

The report stated: "On the basis of current federal, provincial, and territorial policies and actions, Canada is not expected to meet its 2020 target for reducing greenhouse gas emissions. Meeting Canada's 2030 target will require substantial effort and actions beyond those currently planned or in place."

The report noted that some provinces have put a price on carbon. British Columbia was an early adopter of a carbon tax model, and has committed to increasing the tax to CAD50 per tonne by 2021. Alberta implemented a carbon pricing system in 2015, and both Quebec and Ontario have cap-and-trade systems in place. In February, Manitoba announced that it would introduce a carbon pricing system.

Under the federal Government's Pan-Canadian Framework on Clean Growth and Climate Change, a federal carbon pricing option will apply in provinces without a provincial carbon pricing system in place from this year.

The report noted that governments are committed to "implementing carbon pricing systems across Canada in 2018."

TAGS: environment | tax | audit | carbon tax | Canada

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