This Jan. 26, 2009 file photo shows the exhaust pipe of a car in Erfurt, Germany. THE CANADIAN PRESS/AP/Jens Meyer, file

This Jan. 26, 2009 file photo shows the exhaust pipe of a car in Erfurt, Germany. THE CANADIAN PRESS/AP/Jens Meyer, file

Carbon tax must rise if Canada is to meet Paris emission targets, PBO says

The carbon tax is already set to rise to $50 per tonne of emissions by 2022

The parliamentary budget officer says the federal carbon tax would have to rise over the coming years if the country is to meet emission-reduction targets under the Paris climate accord.

The issue is by how much and whether the costs are shared broadly.

The carbon tax is already set to rise to $50 per tonne of emissions by 2022 and the Liberals have not said what the path for the levy might be after that.

In a report this morning, budget officer Yves Giroux estimates the tax will have to rise to $117 per tonne by 2030 if it is applied to all industries.

But if the government caps the levy at $50 per tonne for big industrial emitters, households and other sectors of the economy would have to cover the difference, requiring a levy of $289 per tonne in 2030.

The scenarios envisioned by the budget office assume the federal fuel charge applies to all provinces and territories post-2022, and that carbon taxes are the only measure used to close the emissions gap.

The Canadian Press


Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

carbon taxClimate change

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

(Phil McLachlan/Capital News)
Murder charge laid in February 2020 stabbing death of Smithers man

Michael Egenolf is charged with the second-degree murder of Brodie Cumiskey

Island Health chief medical officer Dr. Richard Stanwick receives a first dose of Pfizer vaccine, Dec. 22, 2020. (B.C. government)
COVID-19: B.C. seniors aged 90+ can start to sign up for vaccination on March 8

Long-term care residents protected by shots already given

The Majagaleehl Gali Aks Elementary School in Hazelton is being shut down for a week by the Gitanmaax Band Council following a confirmation of a COVID-19 exposure there on Feb. 26. (Black Press Media File Photo)
COVID-19 exposure notice shuts down Hazelton school

Closure to last for one week and school is to be sanitized

Dave Livesey, right, has been elected as Telkwa councillor defeating Klaus Kraft (middle) and Erik Jacobsen. (Interior News composite photo)
Dave Livesey elected to Telkwa council

Livesey received 60 votes to Klaus Kraft’s 51 and Erik Jacobsen’s 34 in preliminary results

Smithers Local Health Area reported just one new case of COVID-19 from Feb. 14-20. (BC CDC graphic)
Local weekly COVID infections drop to one

The Smithers Local Health Area (Houston to Witset) reported a single case between Feb. 14 and20

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Older rental apartments are prime candidates for renovations, and could result in lost affordable housing stock. (Zoë Ducklow photo)
B.C.’s renoviction overhaul a good start, but won’t preserve affordable stock, lawyer says

And still no protection for people who can’t pay rent due to COVID-19

(Photo by Marissa Baecker/Shoot the Breeze)
B.C. WHL teams to hit the ice with Kelowna, Kamloops hub cities

Kelowna, Kamloops centres chosen to host B.C. WHL teams for 24-game regular season

The machines are akin to ATMs and allow drug users at risk of overdose to get hydromorphone pills dispensed to them after their palm has been scanned to identify its unique vein pattern. (CANADIAN PRESS)
Feds dole out $3.5M for ‘vending machines’ to dispense safer opioids in B.C.

The machines are located in four cities across Canada, including Vancouver and Victoria

Kelowna’s lakefront visitor centre is one of 130 around the province. Tourism businesses have been hardest hit by COVID-19 restrictions on travel. (Destination B.C.)
Tourism, small business getting COVID-19 help, B.C. minister says

$300M grant program has delivered $50 million so far

The incident happened in downtown Castlegar. Photo: Betsy Kline
Castlegar teen recounts stabbing after stranger breaks into grandmother’s house

The unnamed teen survived a terrifying attack Feb. 21

(Black Press file photo)
Agassiz boy, 11, dies from ‘extensive injuries’: Homicide team

Agassiz RCMP were called out Friday to assist with a child in medical distress

Most Read