Canadian government says it will implement a nationwide carbon tax by 2018

Canadian Prime Minister Justin Trudeau has given the country’s 10 provinces and three northern territories two years to begin implementing a comprehensive tax on carbon emissions as part of his government’s pledge to adopt strong new national policies to combat climate change.Trudeau outlined a plan Monday in the House of Commons calling for an initial levy of $10 per metric ton of emissions in 2016 — about $7.60 in U.S. dollars — that would rise in annual increments to $50-per-ton by 2022.

Provinces opting out of a carbon tax would have the option of adopting a cap-and-trade system, but only if it could …
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