OTTAWA — The federal carbon tax would need to rise to $102 per tonne in 2030 to meet Canada’s emissions targets under the Paris agreement, according to a new report from Canada’s budget watchdog. The Liberals have not said whether they would increase the federal carbon price past 2022. That still leaves a gap of 79 megatonnes to meet Canada’s Paris Agreement target of 513 megatonnes. Currently, the federal carbon tax applies to only those provinces that have not implemented their own form of carbon pricing: Ontario, Manitoba, Saskatchewan and New Brunswick. Were the carbon price not applied to industry, Giroux said, the tax would have to be even higher to meet Canada’s targets.

Source: National Post June 13, 2019 15:29 UTC