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ARTICLE · 25 MAY 2017

Canada Releases Discussion Paper On Federal Carbon Pricing

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On May 18, the Government of Canada released a technical discussion paper (Discussion Paper) describing how it proposes to implement a backstop carbon price in provinces and territories...

CanadaEnergy and Natural Resources
Tyson Dyck
Tyson Dyck
Dennis Mahony
Dennis Mahony
John Terry
John Terry
Michael Pickersgill
Michael Pickersgill
Henry Ren
Henry Ren
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On May 18, the Government of Canada released a technical discussion paper (Discussion Paper) describing how it proposes to implement a backstop carbon price in provinces and territories that do not meet, by 2018, the national benchmark carbon price described in the December 2016 Pan-Canadian Framework on Clean Growth and Climate Change.

What You Need To Know

  • Under the Framework, provinces and territories can meet the national benchmark carbon price by implementing either a price-based system (starting at a minimum of $10 per tonne in 2018 and rising to $50 per tonne by 2022) or a cap-and-trade system (with annual cap adjustments that correspond to the emissions reductions achieved through price-based systems).

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