The Government of Canada has announced its Pan-Canadian approach to pricing carbon pollution. Under the new plan, all Canadian jurisdictions will have pricing for carbon pollution in place by 2018. Canada is committed to creating a cleaner, more innovative economy that reduces emissions and protects our environment, while creating well-paying jobs for the middle class and those working hard to join it.
After decades of inaction and years of lost opportunities, we are finally taking concrete steps to protect our planet for our children and grandchildren. Provinces and territories will have flexibility in deciding how to implement carbon pricing: they can put a direct price on carbon pollution or they can adopt a cap-and-trade system.
The evidence is clear: and the price of inaction severe. Insurance claims in Canada from severe-weather events were $373 million a year from 1983 to 2004 — and that amount has tripled to $1.2 billion a year in the past decade. Our climate is changing and one way it is made manifest is with severe climate events.
The future for our children and grandchildren will be extremely challenging if we do not act – and act quickly.
Addressing climate change also offers enormous economic opportunities: securing good paying, middle class jobs, and creating industries that the world is demanding in the 21st century.
Suncor, Cenovus, and Shell Canada have called for a price on carbon.
60 CEOs — from banks, to non-profits, and more — have called on the government to follow through with our action on climate change.
And we narrowly avoided — by one vote — having Canada’s oilsands banned in the EU.
We know the best way to fight climate change is a price on carbon. It’s the best way to reduce pollution, create jobs, and maintain healthy communities. They want to be part of the solution and find cleaner ways to develop oil and gas.
Our government is taking steps to boost the growth of Canada’s clean technology sector, with the aim of fostering the growth of Canadian technologies and companies. Budget 2017 includes $1.4 billion in new financing through the Business Development Bank of Canada and Export Development Canada that is committed to clean technology. Our government has also committed $400 million over five years to Sustainable Development Technology Canada. Investing in development of new clean technologies accelerates the innovation required to bring them to market, increasing the competitiveness of Canadian firms and creating new jobs.
Our government knows that a clean environment and a strong economy go hand in hand. The global clean technology market presents a promising opportunity for Canadian businesses, a source of new clean jobs for the middle class, and a driver of prosperity for all Canadians. When it comes to clean technology, Canada has the opportunity to be a true global leader – creating good, well-paying jobs for Canadians while helping to meet our climate change goals.
In addition to these actions, our government recently proposed its pan-Canadian approach to pricing carbon pollution. Pricing carbon pollution will give Canada an edge in building a clean-growth economy by making Canadian businesses more innovative and competitive, bringing new and exciting job prospects for middle-class Canadians, and reducing the pollution that threatens our clean air and oceans.
Canadians know that polluting isn’t free. We see the costs of droughts, floods and extreme weather events, but also the effect on our health. Canadians expect polluters to pay because it’s the right thing to do for our kids and grandkids.
Making polluters pay is an important part of any serious climate plan. It reduces pollution and gives the incentive to companies to innovate and create cleaner solutions. It also provides certainty to businesses that we are moving to a clean growth economy.
The fact that we are able to move forward on approving two significant, important pipeline projects for Alberta was directly linked to the leadership this Alberta government has shown around the impacts of climate change.Rt. Hon. Justin TrudeauPrime Minister
2016 was a historic year. As a country we ratified the Paris Agreement, and created a made-in Canada plan to fight climate change. And we did this by bringing together provinces, territories, Indigenous Peoples, stakeholders, and Canadians across the country.
We now have a plan to reduce carbon pollution. This plan is focused on creating good-paying jobs, driving innovation, and strengthening Canada’s economy.
The impacts of climate change are already costing taxpayers over a billion dollars per year. Extreme weather events like storms, floods, fires and droughts are creating damages worth hundreds of millions of dollars each year. Costs that lower levels of government, families, and communities are already footing. By pricing carbon pollution now, we will prevent the higher costs of climate change is already causing. By acting now — we won’t pass the bill onto our children and grandchildren.
All revenue from pricing carbon pollution goes back to the provinces. It could be used to cut taxes, to invest in clean innovation and infrastructure or given straight back to Canadian families.
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