Canada will implement a national policy to charge polluters for emitting carbon dioxide by the end of the year, a top government official said.
Catherine McKenna, Canada’s environment minister, told Bloomberg TV Canada that the goal of the policy is a uniform national carbon price, along with new requirements for companies to disclose emissions.
“What we want to see is uniformity in terms of a national price, also that we’re doing it in a thoughtful way, and provinces and territories need to decide what they’re doing with the revenues,” she said.
Four provinces representing about 80 percent of Canada’s population currently have some kind of carbon pricing policies, which usually consist of either a carbon tax or cap-and-trade system.
Asked whether her pledge means that provinces and territories without a tax currently would be forced to implement one, McKenna told Bloomberg, “I don’t like the word forced. I think this is really an opportunity.”