Sentences with phrase «carbon levy»

A carbon levy is basically a fee that is charged on activities that release carbon dioxide or other greenhouse gases into the atmosphere. It is intended to encourage people and businesses to reduce their carbon emissions and choose cleaner alternatives, by making activities that contribute to climate change more expensive. The money collected from the carbon levy can be used to fund renewable energy projects or other initiatives focused on reducing carbon emissions. Full definition
Alberta Premier Rachel Notley is planning changes to the government's climate policy after already raising an existing carbon levy on the oil - producing province's biggest emitters.
Recent measures such as changes to the Canada Pension Plan, the rollback of planned cuts to Employment Insurance premiums, the introduction of carbon levies and cap - and - trade programs, and significant minimum wage hikes in Ontario and Alberta have a cumulative impact on investment returns and business competitiveness.
Our neighbour and competitor to the south has already taken major steps towards removing barriers that make our energy products cost - restrictive, while on our side of the border, we are piling on federal and provincial carbon levies and taxation.
The company, Canada's No. 2 pipeline operator, released a letter sent to U.S. Secretary of State John Kerry and other department officials saying that increased carbon levies for Alberta oil sands producers and new Canadian targets for greenhouse - gas emission cuts should serve to help assuage U.S. concerns that approving the C$ 8 billion ($ 6.41 billion) project would increase climate change.
There are proposals to increase Alberta's carbon levies according to the so - called 40/40 plan, but these seem destined to remain as proposals.
A lengthy and far - reaching study being bankrolled by the U.S. Department of Treasury will deliver environmentalists and other liberal groups ammunition for their rigorous campaign to curb so - called «global warming,» possibly including a new carbon levy weaved into the U.S. tax code.
Choosing the right hot water heater can have a huge impact both financially and environmentally — especially as energy prices and carbon levies continue to rise.
«The carbon levy will generate significant revenues over the medium term,» the PBO said.
The new legislation will achieve the following: Set in law Alberta's carbon levy and rebate Ensure revenue from the carbon levy is invested into actions that address climate change Establish Energy Efficiency Alberta as a provincial agency.
Alberta was the first to put a price on carbon in 2007; a few months later, Quebec imposed a carbon levy on energy producers and a cap - and - trade system in 2011.
In Alberta, the opposition party promises to repeal the carbon levy, if elected, on Day 1.
BC Liberal Leader Christy Clark pledged to put a carbon levy on thermal - coal shipments, which would include those from the United States.
Wildrose MLAs will likely focus their energy attacking the carbon levy and calling for more oil pipelines, but will the official opposition defy the radical climate change deniers in their own ranks and present a policy alternative to the NDP's Climate Leadership Plan?
Wildrose Party finance critic Derek Fildebrandt fell into predictable Canadian Taxpayer Federation hysteria, describing the carbon levy as «an assault on taxpayers and families.»
Of the funds collected by the carbon tax, the government says $ 2.3 billion will go towards rebate programs, $ 3.4 billion will help businesses adjust to the carbon levy, $ 6.2 billion will go toward energy industry diversification and job creation, $ 3.4 billion for large scale renewable energy and technology, and $ 2.2 billion for green infrastructure.
Bill 20 would legislate Alberta's carbon levy and carbon levy rebate, ensure revenue from the carbon levy is invested in addressing climate change, and establish Energy Efficiency Alberta.
The plan has led to the creation of Canada's lowest renewable electricity rates, but a focused opposition campaign by its Conservative critics has led to mass confusion about the goal of the carbon levy.
While their platform makes mention of revenue neutrality, in the past the BC Greens have alluded to a carbon levy to fund transit development.
The actual carbon pricing for all this is the same as the carbon levy benchmark, i.e. $ 10 / tonne in 2018, rising to $ 50 / tonne in 2022 (see Schedule 4 of the legislative proposal).
If our assumption that the carbon levy will amount to a 2 % tax on spending is correct, Statistics Canada's Survey of Household Spending provides us with an estimate that the «green shift» will cost an average Canadian household, which spends roughly $ 50,000 on current consumption every year, $ 1,000.
It has raised USD $ 5.5 to date through a carbon levy on its rooms, has banned imported bottled water, and recycles the majority of its waste.
Officials are looking at a number of options for a carbon levy that they can present to ministers, including a broad - based excise tax that would be imposed on virtually all oil and natural - gas consumption, or a simple increase in the existing excise tax on gasoline and diesel, several federal and provincial sources involved in the talks said.
Ontario and Quebec are balking at any federal plan to introduce a carbon levy over and above the level of their own cap - and - trade plan, which would set a minimum price of roughly $ 20 a tonne by 2020.
More than 60 organisations from around the world are calling for a carbon levy on fossil fuel extraction to help pay for the climate change impacts on the most vulnerable countries.
Canadian ministers just released the Pan Canadian Framework on Clean Growth and Climate Change, whichestablishes a benchmark for pricing carbon — be it a carbon tax, carbon levy, performance - based emissions system, or cap - and - trade system — applied to a broad set of emission sources throughout Canada by 2018.
In fact, divide the total revenue collected through the carbon levy by total emissions from big emitters and you've effectively got a carbon tax of less than $ 2 a tonne, not nearly enough to drive down industry emissions.
a b c d e f g h i j k l m n o p q r s t u v w x y z