Ottawa’s federal carbon tax came into effect earlier this year at $20 per tonne.
Ottawa has layered its carbon tax on top of many existing supports for other forms of energy.
No government in Canada has adopted or long-maintained a genuinely revenue neutral carbon tax.
Gasoline would need to rise to $2.30 per litre.
The Trudeau government plans to apply a range of new regulations.
Coal-fired generators have raised their prices by 1.9 cents per kilowatt hour.
We don’t have a lot in economics, but we do have prices and the price system.
The federal carbon tax will reach $50 per tonne in 2022.
The federal government’s carbon tax comes into effect today, but what will it accomplish?