![]() ![]() New report says federal carbon levy expected to cost most Nova Scotians more.Carbon price jumps to $65/tonne, but rebates will also rise for millions of households.It establishes a carbon credit market in which reducing emissions earn credits that can be sold. According to Environment and Climate Change Canada, this will deliver 26 million tonnes of greenhouse gas emissions reductions. It will require producers or importers of gas or diesel to gradually reduce the carbon intensity of the fuels they sell.īy 2030, the carbon intensity of these fuels must fall to 15 per cent below 2016 levels. The Clean Fuel Regulations take effect in July. The other political parties criticized the PBO because they said the analysis ignores the cost of inaction on climate change. ![]() The Parliamentary Budget Officer (PBO) released a distributional analysis of the federal government's Clean Fuel Regulations Thursday.Īfter its release, the report became a lightning rod for federal politicians, with the Conservatives calling the policy a financial burden on families. New fuel regulations set to take full effect in 2030 are expected to increase the price of fuel and shrink the size of Canada's economy, according to a new report from Canada's budget watchdog. ![]()
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