Ontario To Put A Price On Carbon Emissions: Environment Minister
The Ontario government plans to put a price on carbon emissions to cut down on greenhouse gases, making good on a seven-year-old promise to fight climate change.
The province’s environment minister said Tuesday his new climate strategy will set Canada’s most populous region on a path to reduce its GHG emissions by 80 per cent by 2050. And, as The Globe and Mail reported “he pledges carbon pricing will be part of it.”
“We’re looking at how we can transition Ontario to a low carbon economy through initiatives such as setting a price on carbon, the adoption of cleaner fuel standards, energy efficiency and conservation measures,” Glen Murray said in an email to Huffington Post Canada.
Carbon pricing charges emissions from both corporations and consumers through various measures including emissions trading systems, carbon taxes or payments for emission reductions. Ontario has not yet decided which path to follow.
“Market mechanisms which encourage technological innovation can facilitate the transition to a low carbon economy and promote economic development and job creation not only in Ontario, but across Canada,” Murray said.
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