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ARTICLE · 13 JUNE 2017

National Carbon Pricing Slated For 2018 Implementation

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On May 18, 2017, the federal government released a technical report regarding the much-anticipated national carbon pricing framework.

CanadaEnergy and Natural Resources
Jasmine Chung
Jasmine Chung
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On May 18, 2017, the federal government released a technical report regarding the much-anticipated national carbon pricing framework. As previously discussed, provinces will have until the end of 2017 to set their own pricing. Starting January 1, 2018, however, federally-imposed pricing will take effect in those jurisdictions that have either failed to adopt their own carbon pricing regime or failed to meet the federal benchmark ("backstop jurisdiction").

According to the Pan-Canadian Framework on Clean Growth and Climate Change (the "Framework") issued by the federal government in December 2016, carbon pricing is recognized as one of the most effective policy approaches to reducing GHG emissions and will be an important tool to help Canada reach its international commitment of reducing GHG emissions by 30 percent below 2005 levels by 2030.

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