As most of you likely know, to meet the targets agreed to in the COP21 meeting in Paris, the federal government has given provinces until 2018 to adopt a carbon pricing scheme.
In general, there are 2 methods of carbon pricing schemes : carbon tax and cap-and-trade.
Around the world, different countries have chosen what they prefer. In Canada, we have some existing policies in Quebec and BC and some policies planned in the near future for Alberta and Ontario.
For the rest of the provinces, the federal government will step in and impose a price. An initial “floor” price of $10 a tonne, rising to $50 a tonne by 2022 will be implemented by the federal government as described earlier in the CBC article
Should the federal government step in and “line the ducks up” to meet our targets or give them the time to determine what works best for them ?