Five things to know about Canada’s carbon pricing landscape
Prime Minister Justin Trudeau announced a national “floor price” on carbon Monday that would require all provinces and territories to have some form of carbon pricing by 2018.
Here are five things to know about putting a price on carbon:
Why a carbon price?
Putting a price on carbon is meant to give people and companies an incentive to look for lower emission options to save money. The price can come in the form of a specific tax or levy, like the minimum $10 per tonne the federal government has set for 2018, or a more indirect cap-and-trade system.