By Canadian Press

Canada may need higher carbon taxes to meet its Paris targets, PBO says

Jun 13, 2019 | 9:47 AM

OTTAWA — Canada’s parliamentary budget watchdog says a higher price on carbon will be needed if Canada is to meet its Paris Agreement targets for greenhouse-gas emissions.

A Parliamentary Budget Office report today says an extra price on carbon will be needed past 2023 to meet Canada’s targets, starting at $6 a tonne and rising to $52 by 2030.

Combined with the current federal fuel charge, that would add up to $102 per tonne.

Under current projections, Canada will reduce its emissions to 592 megatonnes of carbon dioxide by 2030, but the target is 513 megatonnes — a gap of 79 megatonnes.

Caledonia Nordic Ski Club

Caledonia Nordic Ski Club prepare for another big national biathlon competition

9h ago

Police

Family grieving after man dies shortly after being in police custody

Nov 16, 2024

Bond awarded Bob Scott Award

Nov 15, 2024

The PBO estimated an additional price on carbon after 2023 would cut emissions more and at a lower cost to the economy than the current fuel charge.

The office notes that the estimates were made based on existing policies, and Environment and Climate Change Canada has said the effects of some new clean technologies have not yet been modelled.

The Canadian Press