A new analysis by the Canadian Climate Institute suggests that Canada's carbon price could reduce greenhouse-gas emissions by more than 100 million tonnes annually by 2030. However, only a small portion of this reduction will come from the consumer carbon price, which has been the target of Conservative criticism. The analysis indicates that all existing climate policies combined could cut emissions by 226 million tonnes in 2030, with consumer carbon pricing contributing between 19 million and 22 million tonnes, and industrial carbon pricing contributing between 53 million and 90 million tonnes. The report emphasizes that the industrial carbon price is the primary driver of Canada's climate plan.
Canada 's carbon price could slash greenhouse-gas emissions by more than 100 million tonnes a year by 2030, but only about one-fifth of that will come from the consumer carbon price at the centre of Conservative attacks. A new analysis published today by the Canadian Climate Institute says that together, all existing climate policies should slash emissions by 226 million tonnes in 2030.
That's one-third of the total emissions Canada produced in 2021, the most recent year for which statistics are available. The new analysis says consumer carbon pricing charged on fuel purchases will contribute between 19 million and 22 million tonnes annually. The pricing policy applied to big industrial polluters will cut between 53 million and 90 million tonnes. Report co-author Rick Smith says the industrial carbon price is the single biggest contributor to Canada's climate plan and the political attention heaped on the consumer policy is misplaced. The Conservatives intend to force a vote of no confidence in the House of Commons later today as the Liberal government ignores their calls not to hike the price another $15 per tonne on April 1. This report by The Canadian Press was first published March 21, 2024
Canada Carbon Price Greenhouse-Gas Emissions Consumer Carbon Price Climate Policies Analysis Canadian Climate Institute Reduction Conservative Attacks Fuel Purchases Industrial Polluters Climate Plan Political Attention House Of Commons Liberal Government
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