THE STAR | Ottawa won’t raise the carbon price beyond $50, environment minister says

News

Published: 14Jun2019

Federal Environment Minister Catherine McKenna revealed Thursday that the federal government will not raise the national carbon price beyond 2022, a decision that experts say means Canada will need to rely on other measures to meet its emissions target under the Paris Agreement.

Christopher Ragan, an economics professor at McGill University and chair of the Ecofiscal Commission, said that, without a stronger carbon price, the government will need to pursue policies that many experts argue are more costly to the economy than the price signal of a carbon levy to deter emissions.

Read more

Tags: