Carbon Tax

Stepping Up to the Plate: Canada Releases Draft Legislation for Proposed Federal “Backstop” Carbon Pricing System

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Courtesy of McCarthy Tetrault. View original article here. On January 15, 2018, Environment and Climate Change Canada (ECCC) released draft legislative proposals relating to the proposed federal “backstop” system (Backstop) for establishing, regulating, and enforcing a pan-Canadian price on carbon, as well as the proposed regulatory framework for the output-based pricing system, which is designed to minimize competitiveness risks for… [Read More…] about Stepping Up to the Plate: Canada Releases Draft Legislation for Proposed Federal “Backstop” Carbon Pricing System

Changing Tack: BC NDP Accelerates Increase in Carbon Tax and Moves Away from Revenue Neutrality

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Courtesy of McCarthy Tetrault. View original article here. BC’s recently sworn-in New Democratic Party (NDP) government presented its first provincial budget on September 11, 2017. Among the policy measures announced were changes to the BC carbon tax. In particular, the Budget 2017 Update (2017/18 – 2019/20) provides for the following: As of April 1, 2018, the carbon… [Read More…] about Changing Tack: BC NDP Accelerates Increase in Carbon Tax and Moves Away from Revenue Neutrality

Cap and Trade: MOECC Releases Offset Credits Regulatory Proposal

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Courtesy of Borden, Ladner and Gervais. View original article here. On November 15, 2016, the Ontario Ministry of the Environment and Climate Change (“MOECC”) published the Compliance Offset Credits Regulatory Proposal (the “Proposal”) on the carbon offset program that is being developed to complement the province’s cap and trade system. Under Ontario’s cap and trade program, which will commence on… [Read More…] about Cap and Trade: MOECC Releases Offset Credits Regulatory Proposal

Determining the Effective Price of Carbon

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Courtesy of Stikeman Elliott and Canadian Energy Law. View original article here. Background to Canada’s National Carbon Policy The recent federal plan for a national Canadian carbon price – rising to $50/+ CO2e by 2022 – has increased interest in carbon pricing policies and has highlighted the need to go beyond an initial headline number to determine… [Read More…] about Determining the Effective Price of Carbon

Pan-Canadian Carbon Plan

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Courtesy of Stikeman Elliott. View original article here. What does it mean for you  As of January 2018, all Canadians will be paying a price for carbon. The Announcement After much anticipation, Justin Trudeau recently announced that Canada would implement a national price on carbon by 2018. The announcement was met with significant media fanfare… [Read More…] about Pan-Canadian Carbon Plan