Listen Live
HomeNewsAlberta to have most stringent carbon tax by 2020

Alberta to have most stringent carbon tax by 2020

Alberta is on track to have the highest carbon prices in the country by 2020. That’s according to a new study that compared the carbon taxes and linked cap-and- trade systems of B.C., Alberta, Ontario and Quebec.

Canada’s Ecofiscal Commission found that as 30 per cent of B.C.’s economy isn’t covered, its $30 per tonne tax works out to be more like $21. Alberta’s will cover 78 per cent of the economy in four years, meaning it will be more than $23.

Quebec’s cap-and-trade carbon market is the most comprehensive at 85 per cent, and with everything factored in, its effective price will work out to be $18 a tonne by 2020. Ontario is just a few cents behind that.

Emissions trading credits were also factored in with price and coverage.

- Advertisment -
- Advertisment -
- Advertisement -

Continue Reading