Kopp pointed out that «even in the polarized U.S.,» interest
in federal carbon taxes is growing among Democrats and Republicans, and among progressives and conservatives.
Not exact matches
OTTAWA — The
federal government stands to raise as much as $ 280 million
in revenue off provincial
carbon taxes in Alberta and B.C.
in the next two years despite claims
carbon taxes would be revenue neutral for Ottawa.
In a new report released today for Sustainable Prosperity (a new research institute), Jack Mintz and Nancy Olewiler pitch a
federal carbon tax constructed by broadening the base of the
federal excise
tax (which currently raises over $ 5 billion per year based on a
tax of 10 cents per litre of gas and 4 cents -LSB-...]
VICTORIA — Dan Woynillowicz, policy director at Clean Energy Canada, made the following statement
in response to the
federal government's 2018 budget: «Today's budget announced support for implementing key pieces of the government's climate change and clean growth plan, including putting a price on
carbon pollution and extending
tax support for clean energy.
In the 2008
federal election, Opposition Leader Stéphane Dion also tried but failed to convince the public of the need for a
carbon tax, despite Canadians» support for action on climate change.
The issue figures to feature prominently
in the next
federal election, with Liberal Leader Stà © phane Dion arguing the benefits of a
carbon tax, while NDP Leader Jack Layton makes the case that cap - and - trade would do a better job of putting the costs on big polluters rather than on low - income families.
But the
federal government lacks the courage to use the effective means the provinces have put
in place to diminish their greenhouse gas emissions, like
carbon taxes or
carbon markets,» said Alain Brunel, Director of Energy and Climate for l'Association Québécoise de Lutte contre la Pollution Atmosphérique (AQLPA).
From Atlantic Canada to Alberta, British Columbia and federally, new brackets were invented and other rates raised;
in addition, new and higher
taxes are still to come, including a
federal carbon tax.
Despite claims by opposition Wildrose and PC politicians that they would repeal the
tax if elected
in 2019, a
federal carbon tax dictated by Ottawa would likely be imposed
in its absence.
A 0.5 % small business
tax reduction is welcome, but overshadowed by
tax increases at the personal level, corporate level, an increase
in B.C.'s no - longer - revenue - neutral
carbon tax, and the corresponding pending changes by the
federal government as to how small business owners can manage their affairs.
The BC NDP platform states that all new money from
carbon tax increases,
in line with the
federal mandate, will be used to provide rebate cheques for families, and to investing
in climate change solutions.
The
carbon tax has remained at $ 30 / t since 2012 and the previous Liberal government showed no inclination to increase it further other than to match the
federal carbon price floor
in 2021.
A new
federal tax credit for
carbon capture utilization and sequestration, or CCUS
in industry jargon, has prompted a surge of interest
in the sector (Greenwire, March 12).
An important finding, Tyner said, was that the analysis showed a
carbon tax and the ability to depreciate an investment
in solar would give as much incentive for adopting solar energy as the current
federal tax credit does.
We don't have
federal climate change legislation
in place
in the United States, but the Obama administration is pushing for a
carbon tax in the new budget.
And then sales
tax credits, so the GST
tax credit, the HST
tax credit, the
carbon tax credit
in B.C. so, each one of those there's a
federal component to each one of those and
in most cases there's a provincial component to each one of those.
Some of the policies examined include the B.C.
carbon tax, Ontario's Green Energy and Economy Act and phase - out of coal - fired power, Quebec's and Nova Scotia's regulatory cap on emissions, public transit strategies
in Ontario, and
federal fuel - efficiency standards for cars.
Stéphane Dion, the most environmentally sensitive
federal Liberal leader
in history, mused about a
carbon tax early this month, but reversed gears just one day later.
Given the
tax reform effort currently under way
in Congress this would seem an appropriate time to consider the usefulness of a
carbon tax to increase
Federal revenue even though no such proposal (happily) is
in the current
tax bill.
It just happens to buttress the government's controversial
carbon tax, a maladroit policy that will be pivotal
in the forthcoming
federal election.
The study at issue is a 2011 report
in which Nisbet analyzed claims by some environmentalists that they lost the political battle over creating a
federal cap - and - trade
tax on
carbon dioxide emissions because environmentalists were outgunned; that is, because industry associations and the U.S. Chamber of Commerce marshalled resources far beyond those of cap - and - trade's supporters.
The
federal government is currently
in talks with British Columbia, encouraging Premier Christy Clark to move on her pledge to raise its
carbon tax from the current $ 30 a tonne, where it has remained for five years.
Several provinces, including Saskatchewan, Nova Scotia and Quebec reject any effort to introduce a
federal tax, though they agreed at a first ministers» conference
in Vancouver that governments should adopt some undefined form of
carbon pricing.
Faced with the challenge of raising revenues to pay for exploding
federal government costs that neither party has any interest
in reducing, the
carbon tax is suddenly attracting the interest of the Left and Right.
Some limited government advocates may be intrigued by the possibility of a grand bargain
in which a national
carbon tax replaces all
federal and State anti-
carbon regulatory programs.
Nor has it lobbied for
carbon tax bills
in Congress or funded organizations that push for such laws at the
federal or state level.
In response the
federal environment minister Greg Hunt stated that «What Labor refuses to learn is that you can tackle climate change without a
carbon tax.
It took 1000 + pages to explain the
carbon trading system
in Waxman - Markey — I can explain this plan
in two sentences: Institute a
federal carbon excise
tax on fuels whose rate increases with the
carbon content per btu of the fuel.
For the avoidance of doubt, Gross Revenues shall (A) exclude monies received from any source other than the sale of electric energy and capacity, including, without limitation, any of the following: (i) any
federal, state, county or local
tax benefits, grants or credits or allowances related to, derived from, or granted to the Wind Energy Project or Grantee, including, but not limited to, investment or production
tax credits, or property or sales
tax exemptions, (ii) proceeds from financing activities, sales, assignments, partial assignments, contracts (other than the power purchase agreement) or other dispositions of or related to the Wind Energy Project (such as damages for breach of contract or liquidated damages for delays
in project completion or failures
in equipment performance), (iii) amounts received as reimbursements or compensation for wheeling costs or other electricity transmission or delivery costs, and (iv) any proceeds received by Grantee as a result of damage or casualty to the Wind Energy Project, or any portion thereof and (B) include any revenues derived from Grantee's sale of
carbon dioxide trading credits, renewable energy credits or certificates, emissions reduction credits, emissions allowances, green tags, tradable renewable credits, or Green - e ® products, any of which are allocated to Grantee, if applicable, through its participation
in any voluntary registry, association or market - based exchange.
A second example — that warms the hearts of economists, but appears to be politically irrelevant for the time being — is the case of a
Federal policy that sets price, not quantity, i.e., a
carbon tax, or a binding safety - valve or price collar
in a cap - and - trade system.
This collection of promised
federal actions is large both
in scope and number and includes everything from pursuing a
carbon tax
A former Deutsche Bank sales manager has been jailed by Germany's
federal supreme court for three years for his role
in facilitating
tax fraud through the EU
carbon market.
Interestingly, beyond this, despite considerable rhetoric about moving beyond debates about
carbon - pricing, the report recommends that
in order to avoid adding to the
Federal debt, it would be necessary to impose new
taxes, including increased royalties for oil and gas extraction, a
tax on imported oil, a
tax on electricity sales, and a «very small
carbon price» (presumably from a modest
carbon tax or unambitious cap - and - trade system).
A
federal carbon tax (and we strongly agree with R Street on the need for one) results
in reduced emissions and a significant chunk of change for the Treasury.
(b) Against a comparable
carbon tax (ie a
federal or another states»
carbon tax) already paid on the consumption of the same energy consumed
in Washington State
Such a review is especially important
in light of recent commitments by the
federal government and most provinces to adopt a minimum
carbon tax (or its equivalent) across Canada and to provide a variety of subsidies to users of low - emission technology.
To take that seriously is to support massive, immediate
carbon reductions, not only at the level of theory, not only
in statements and proclamations and pledges, but
in the sense of preferring the lower
carbon strategy
in every local, city, state, or
federal decision, whether it's about land, housing, transportation, infrastructure, agriculture,
taxes, regulations, or lifestyle habits.
In fact the only party who wanted to repeal the carbon tax was the BC Conservatives (which are not affiliated with the federal Conservatives), but their support in the election was minimal and they failed to win any seat
In fact the only party who wanted to repeal the
carbon tax was the BC Conservatives (which are not affiliated with the
federal Conservatives), but their support
in the election was minimal and they failed to win any seat
in the election was minimal and they failed to win any seats.
Even with no
federal carbon tax and no infrastructure support from Congress and no enforcement of the CPP, which the Supreme Court put on hold
in January, global markets are beginning to favor renewable energy — and governors
in the Midwest are realizing they would be foolish not to take advantage.
the United States, where
carbon markets exist
in a few states (such as California), where more markets might emerge under the Clean Power Plan, and where a
federal carbon tax continues to be debated.