Canada’s government will set a minimum price for carbon pollution beginning in 2018 to meet its Paris climate agreement targets, Prime Minister Justin Trudeau said today, Monday October 3rd, 2016.
A minimum federal price of $10 per metric ton will be set in 2018, rising by $10 each year to $50 per ton in 2022 when it will be reviewed, Trudeau announced today in a speech to Parliament. Provinces and territories will have flexibility in deciding how to implement carbon pricing.
The following is a summary of the plan:
Provinces and territories with a direct price on carbon pollution, the price should start at a minimum of $10 per tonne in 2018, rising by $10 each year to $50 per tonne in 2022.
Provinces and territories with a cap-and-trade system will meet the benchmark by setting their annual caps to achieve at least the same amount of emissions reductions that would result from the carbon price in a price-based system. Cap-and-trade systems will also need a 2030 emissions reduction target equal to or greater than Canada’s 30% reduction target.
The provinces and territories will keep the revenues to use as they see fit. This includes returning to consumers, helping vulnerable communities, or supporting businesses that innovate.
The approach will be reviewed in 2022 to confirm the path forward, including continued increases in stringency.
This announcement comes at a time when the Trudeau government will table the Paris climate agreement in Parliament for ratification.
“Pricing carbon emissions on its own won’t enable Canada to reduce emissions in line with our targets—other complementary measures will be required. One such measure is for the federal and provincial governments to adopt and facilitate achievement of national targets for electricity generation that move us close to 100 per cent zero-carbon electricity by 2050.”Jacob Irving, Canadian Hydropower Association
The Canadian Hydropower Association (CHA) is encouraged by the announcement made this week, by Prime Minister Trudeau, Mexican President Enrique Peña Nieto and U.S. President Barack Obama, who pledged to get half their electricity from clean power by 2025. The CHA is also pleased to see many interesting commitments spelled out in the North American Climate, Clean Energy, and Environment Partnership Action Plan released today.
Canada has one of the cleanest electricity systems in the world, with more than 60% of its electricity coming from clean and renewable hydropower. However, continental efforts such as the one committed to yesterday by the ‘Three Amigos’ send a clear message that, together, renewable sources of electricity are a key solution to moving toward a low carbon future.
Regarding this announcement, CHA President Jacob Irving added that “Canada is very well placed to play a very important role in this clean economy transition thanks to its abundance of renewable power”.
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Vancouver - March 3, 2016
Prime Minister Trudeau and Premiers agreed today on a path towards a climate change strategy. In this deal, already called the 'Vancouver Declaration', federal and provincial negotiators have agreed to work toward a "Pan Canadian Framework on Clean Growth and Climate Change" expected this fall.
In fact, Prime Minister Trudeau said the discussions with Canada's premiers were "tremendously productive" and that the framework developed would see the federal government invest in green infrastructure, public transit and the electrification of transportation. He also noted that a price on carbon is an essential tool in the effort to fight climate change and said the leaders would continue to work together to meet that end, taking into consideration the varying challenges of the different provinces and territories.
Other key commitments include:
Working with the provinces and territories on leveraging federal investments in the Low Carbon Economy Fund to bring incremental emission reductions.
Advancing the electrification of vehicle transportation.
The development of regional plans for clean electricity transmission to reduce emissions.
Efforts to eliminate the dependence on diesel in Indigenous, remote and Northern communities with renewable, clean energy.
Double investments in clean energy, research and development over five years.
Ottawa, Ontario - February 12, 2016The Canadian Hydropower association applauds Canada, US, Mexico agreement to promote North American clean energy
Ottawa, Ontario – February 12, 2016 – Jacob Irving, President of the Canadian Hydropower Association, released the following statement regarding the trilateral climate change and clean energy Memorandum of Understanding (MOU) between Canada, the United States, and Mexico signed in Winnipeg today.
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“We see this as an opportunity.” That’s how Environment and Climate Change Minister Catherine McKenna optimistically summed up her recent meeting with her provincial counterparts, in which they took stock of the gap between where carbon pollution is today and where it needs to be.
And she’s right.
For too long, too much of the discussion about climate change has focused on what needs to be cut and how the cost and pain will be distributed—across sectors and between provinces.
But when it comes to addressing climate change in a way that creates a healthier environment and a prosperous economy, Canada has a distinct advantage: renewable electricity.
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