Friday, December 9, 2016

PAYING FOR INTERNATIONAL CARBON CREDITS

Prime Minister Justin Trudeau expects to achieve broad agreement on a national climate plan when he sits down with Canada’s first ministers Friday, but the deal will not be unanimous and may require Ottawa to buy costly international carbon credits to meet its international 2030 targets.
Saskatchewan Premier Brad Wall is the one vocal provincial holdout on carbon pricing. He’s threatening court action against Mr. Trudeau’s plan to impose carbon levies if the province doesn’t act. The premiers of British Columbia, Manitoba, and Newfoundland and Labrador say they support some form of carbon pricing but are balking at Mr. Trudeau’s plan for a $50-per-tonne price by 2022.
 

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