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The Greenhouse Gas Pollution Pricing Act [a] (French: Loi sur la tarification de la pollution causée par les gaz à effet de serre) is a Canadian federal law establishing a set of minimum national standards for carbon pricing in Canada to meet emission reduction targets under the Paris Agreement. [2]
The new plan seeks to stop the increase of greenhouse gas emissions before 2012 and reduce the amount as much as 20% by 2020. Targets would be imposed to industries before 2015, while home appliances would need to be more energy efficient. There were also rewards for companies that reduced the amount of emissions since 2006. [39]
Carbon pricing in Canada is forecast by Environment Canada to remove 50–60 MT of emissions from the air annually by 2022, representing about 12% of all Canadian emissions. However, Canada needs to reduce emissions to 512 MT by 2030 to meet its commitments under the Paris Agreement.
In a carbon tax model, a tax is imposed on carbon emissions produced by a firm. In a cap-and-trade design, the government establishes an emissions cap and allocates to firms emission allowances, which can thereafter be privately traded. Emitters without the required allowances face a penalty more than the price of permits.
In 1972, General Motors proposed to the American Petroleum Institute the elimination of leaded fuels for 1975 and later model year cars. [citation needed] The production and distribution of unleaded fuel was a major challenge, but it was completed successfully in time for the 1975 model year cars. All modern cars are now equipped with catalytic ...
Oil and gas production is Canada's highest-emitting industry and a main focus of Trudeau's goal of chopping emissions by 40% to 45% by 2030, based on 2005 levels.
Under the program, which is essentially a cap-and-trade emissions trading system, SO 2 emissions were reduced by 50% from 1980 levels by 2007. [58] Some experts argue that the cap-and-trade system of SO 2 emissions reduction has reduced the cost of controlling acid rain by as much as 80% versus source-by-source reduction.
Greenhouse gas emissions increased by 3.8% in Quebec between 1990 and 2007, to 85.7 megatonnes of CO 2 equivalent before falling to 81.7 in 2015. At 9.9 tonnes per capita, Quebec's emissions are well below the Canadian average (20.1 tonnes) and accounted for 11.1% of Canada's total in 2015. [124]