(Bloomberg) — Canada will set a minimum price for carbon pollution in a bid to meet its Paris climate agreement targets, setting Prime Minister Justin Trudeau’s government up for a legal battle with the country’s energy-producing provinces.A minimum federal price of C$10 ($8) per metric ton will be set in 2018, rising by C$10 each year to C$50 per ton in 2022 when it will be reviewed, Trudeau announced Monday in a speech to Parliament.Canada’s 10 provinces will need to meet that minimum, or exceed it, by using either a carbon tax or achieving a comparable emissions reduction through a cap-and-trade system. Canada’s four most populous provinces already have or are introducing some kind of carbon price, and the federal government had vowed to introduce a national price this fall.“Businesses will have to find new ways to reduce emissions and pollute less,” Trudeau told lawmakers Monday, announcing …
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