McKenna says carbon pricing legislation will be introduced sometime in 2018 and provinces will have until the end of that year to submit their own carbon pricing plans before a national price is imposed on those that don’t meet the federal standard.
A year ago, McKenna said provinces would have to impose at least a $10-per-tonne carbon price in 2018 but it appears some provinces will make it all the way to the end of the year before they have to actually do it.
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The price has to rise at least $10 per tonne a year until it hits $50 per tonne by 2022.
Alberta and B.C. already meet the threshold and Manitoba intends to introduce a carbon price of $25 next year.
Ontario and Quebec’s cap and trade systems likely meet the threshold but the rest of the provinces either haven’t yet got a plan in place or what they do have doesn’t mesh with Ottawa’s standard.