How Canada's new carbon price plan affects Quebecers - News Summed Up

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How Canada's new carbon price plan affects Quebecers


Prime Minister Justin Trudeau announced last week that provinces will have until 2018 to adopt a carbon price scheme, whether they want to or not. That means the federal carbon price scheme is unlikely to cause sudden price shocks in Quebec. It is the presence of a cap-and-trade system in Quebec that will allow it to avoid sudden price increases from the federal plan to price carbon. But experts give different numbers when estimating how much the federal carbon pricing plan will cost consumers on each litre of gas. Delorme admits the tax could handicap Canada's export competitiveness with countries who don't price carbon.


Source: CBC News October 09, 2016 21:00 UTC



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