With the federal government’s announcement in October of a national carbon pricing policy, many farmer conversations have turned to what a carbon tax is and how it differs from a cap-and-trade system.
The government’s plan requires all provinces and territories to have a price on carbon by 2018. In Western Canada, two provinces – British Columbia and Alberta – have a carbon plan already in place. Manitoba and Saskatchewan will now have to put their own plans in place over the next 14 months.
But what will these plans be, and what is carbon pricing exactly? And what’s the difference between a carbon tax and a cap-and-trade system?
What is carbon pricing?
Carbon pricing... (read more)