On October 23, 2018, the federal government made further
announcements regarding the federal carbon-pricing backstop (the
"Backstop"), providing details on where the pricing
system will apply and how the revenues for those provinces and
territories will be used. The Backstop implemented pursuant to the
Greenhouse Gas Pollution Pricing Act, SC 2018, C-12, s 186
(the "Act") ensures a national carbon-pricing system is
in place that applies to greenhouse gas emissions ("GHG")
from a broad set of sources.
Canada signed on to GHG reduction targets as part of the Paris
Climate Accord in 2015. The federal Backstop and associated
provincial carbon-pricing strategies are part of the federal
government's plan to meet those objectives.
