Sentences with phrase «raising carbon taxes»

The NDP's election platform included a promise to raise the carbon tax, but the increases would not begin until 2020.

Reduce the income tax and raise the carbon tax has balance, is fair, and promotes growth.

But if we get to point where electric can do everything needed and taxes whether on engines or carbon are not getting use down low enough then at some distant point (that we are not close to) govt might prefer to implement ban rather than continually raising carbon tax rate.

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.

Not exact matches

She has slashed the cabinet in half, raised the minimum wage and announced plans to double the province's carbon tax over the next two years, the first such change in nearly a decade.

Again Taylor offered a cautious outlook, though it was largely ignored in stories about the «green» budget with its centre piece carbon tax that will raise the price of gas by a couple cents a litre this year.

How much GST is raised by taxing the carbon tax really depends on what businesses choose to pass on to consumers, the report notes.

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.

Lauzon said revenues raised directly by the carbon tax would remain in the province where they are raised.

Speaking to a fundraiser for an Ottawa homeless shelter, Mr. Layton said carbon taxes would raise home heating costs and hurt Canadians living on the margins.

In contrast to Alberta's largely cosmetic Specified Gas Emitters Regulation that does little to curb emissions or raise revenue for the province, British Columbia has implemented a much more comprehensive carbon tax.

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-...]

«We will fight against the NDP who want to raise taxes on Canadians through their carbon tax or whatever tax they may come up,» Mr. Menzies declared.

Shortly after assuming office, the government made B.C.'s tax regime less competitive by raising the general corporate income tax rate, creating a new top personal income tax rate and increasing the carbon tax.

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.

A national carbon tax plan threatens to kill jobs, hinder economic growth and raise taxes for Northerners.»

The Tories have attacked the Liberals» carbon tax policy and have argued it will raise prices on almost everything — from gasoline and groceries — without actually cutting emissions.

There was no reference to the carbon tax in their platform, and they never told Albertans they were going to slam the province that would raise the price of nearly everything: groceries for your family, utility bills to heat your home, and gas to drive your kids to hockey practice.

But it gets worse, on January 1 the NDP will raise their job - killing carbon tax by 50 %.

While the NDP has signalled that they will only raise the price of carbon once mandated to by the federal government, the platform is unclear as to whether the current revenue neutrality of the carbon tax will be maintained.

In 2008 when the carbon tax was introduced, the Liberal government announced that the general corporate tax rate would be reduced from 12 per cent to 11 per cent; in the September update, the NDP government reversed this reduction and raised the rate to 12 per cent.

The points he raises are broadly held, but none undermine the case for either a carbon tax or a cap - and - trade system.

New Democrats have long argued that a portion of the money raised through the carbon tax should be used specifically to reduce carbon emissions through support for projects like transit expansion.

Within the update the government also signaled its commitment to raise the B.C. carbon tax by $ 5 a ton of CO2 per year starting in April 2018.

STRUGGLING manufacturing firms are experiencing a carbon tax squeeze, the greenhouse scheme adding 14.5 per cent to energy bills, but many are unwilling to raise prices.

STRUGGLING manufacturing firms are experiencing a carbon tax squeeze, but many are unwilling to raise prices.

«Generally, we find that on the heels of something like this, that folks are looking to raise taxes,» either directly through a carbon tax or by rule changes that raise power prices, Neefus said.

Reducing carbon use through carbon taxes alone will be extremely expensive because you have to raise those taxes by multiple of the cost of the reductions you are trying to get people to make.

«Our results raise the question of how climate finance should be designed and whether developing countries should be integrated in an international market for emission rights in the first place — other instruments such as a carbon tax could be more suitable,» says Kornek.

I do see the prospect of using a targeted carbon cost / tax to raise a big research and demonstration war chest (as I described in «A 2 - Cent Solution to Help Fuel an Energy Quest «-RRB-.

I do not see any way of reducing CO2 emissions without a carbon tax, or its innocent maskarade as cap and trade, which raises the prices of carbon as well.

The money would be generated by a carbon tax of 0.5 cents per kilowatt - hour, raising the cost of electricity (currently 6 - 10 cents per kWh) to 6.5 - 10.5 cents per kWh.

Hansen wrote ``... In my testimony [to Congress] I noted that a «Cap» raises the price of energy, just as does a simple honest carbon tax on oil, gas and coal at the first sale at the mine or port of entry.

It's simple arithmetic — coal is very very cheap and will remain so, unless and until you raise its cost using a carbon tax or cap - and - trade, to account for its ill effects.

Actually, I am becoming optimistic about raising the price of fossil fuels with some sort of carbon tax.

Gates hammered on points reported here for many years: that without a big, and sustained, boost in spending on basic research and development on energy frontiers, the chances of triggering an energy revolution are nil; that while the private sector and venture capital investors are vital for transforming breakthroughs into marketable products or services, they will not invest in the long - haul inquiry that's required to generate game - changing breakthroughs; that a 1 or 2 percent tax on carbon - emitting fuels could generate a large, steady stream of money for invigorating the innovation pipeline; that a declining emissions cap and credit trading system --- if it could survive America's polarized politics --- would have to raise energy costs far beyond what would be politically tenable to generate a similar scale of transformational activity.

A revenue - neutral carbon tax is also beloved by economists, since it involves raising taxes on something our society wants less of — pollution — and using the money to lower taxes on the productive economic activities we want more of, such as paid work.

Ways to raise the money include a low carbon tax or sales of cap - and - trade permits, or from government revenue.

The solution domestically seems to consist of A) raising taxes (such as on gasoline and electricity) and B) inventing new taxes (carbon taxes).

Permit prices, since they would be more volatile over time than a specified tax trajectory, would mask the critical long - term signal that carbon will always be more expensive next year than it is today; that is, unavoidable volatility in permit prices would raise the economic cost of any climate target by clouding investment decisions with another source of uncertainty.

A carbon tax will raise energy prices, but lower and middle income people, especially, will find ways to reduce carbon emissions so as to come out ahead.

«Politically, the lesson here is that it's essential to assure people that when we cap or tax carbon and raise carbon prices even more than they are rising anyway that we have to protect them,» Mr. Barnes said Friday.

The main problem with carbon taxes is that they don't physically limit carbon emissions; they only raise the price.

A carbon tax of $ 100 / ton would raise way over $ 100 billion, allowing real cuts in payroll taxes or lower bracket income taxes etc..

Like a tax, it would raise carbon prices, but at the same time it would ensure actual reductions to predetermined goals.

I recommend: Convert this blog, or launch a second blog, wholly focused on advocacy for a carbon tax that rises steadily every month into the sunset, steeply enough to raise gasoline prices $ 0.20 / month — offset by reductions in payroll taxes.

Such a carbon tax could provide a huge boon to the CDR field if even a small fraction of the revenue it raised was used to incentivize and fund R&D for CDR projects.

As I've pointed out before, in the absence of increasing revenues, the maximum carbon tax we can have is one that replaces all other forms of revenue raising and we could all contemplate that CM.

A $ 40 / t carbon tax would raise the cost of coal generated power from about $ 35 / MWh to about $ 75 / MWh.

Having said that, it's generally expected to pass — the Labor Party, The Greens, and several independents have said they'll support it, and the opposition (generally opposed to anything climate - related) don't have the numbers to block it, although they've promised to repeal it if elected in 2013 (although the total package has been cleverly built, so to repeal it, they'll have to promise to raise taxes on the low & middle income brackets, cut aged & disability pensions, and rely on the «goodwill» of large corporations to lower prices for electricity & other carbon - intensive goods).