Canada’s highest court upholds carbon tax

Canada’s Supreme Court has upheld the carbon tax legislation following a court challenge by a handful of the provincial governements.

The 2018 Greenhouse Gas Pricing Act prices carbon emissions at C$30 per tonne of carbon dioxide released, and is set to rise to C$170 per tonne by 2030. These prices are similar to Cafornia’s within it’s carbon pricing plan.

Canada’s Supreme Court has upheld the Federal Governments Carbon Tax legislation

Although difficult at first, many expert are seeing significant interest by green companies and startups to deliver options to Canadian drivers and auto manufacturers. Examples of technologies developed to reduce emissions over the last few years include:

  • Several diesel improvements
  • Newer materials used to lower vehicle weight
  • Direct fuel injection
  • Engine start-stop system when vehicle is idle
  • Cylinder deactivation systems
  • Turbocharge
  • Variable valve timing

Those whom exceed their allowance will have 3 options

  • Reduce emissions
  • Purchase emission allowances, or
  • Purchase carbon offsets

As a result, one of the fastest growing business segments in Canada (and other green focused jurisdictions) over the next few years is expected to be carbon offset startups.

Read more about the ruling and moving forward https://www.scientificamerican.com/article/national-carbon-tax-upheld-by-canadas-supreme-court/