Canada’s carbon tax would have to nearly quadruple if the country is to meet emission-reduction targets under the Paris climate accord, says the parliamentary budget officer..In a report issued this morning, Yves Giroux estimated the tax will have to rise to $117 per tonne by 2030 if it is applied to all industries..The current rate is $30 with $10 increases planned in 2021 and 2022. The Liberals have not said what the levy might be after that.. POLL: Many Albertans say they will ignore Christmas COVID lockdown .Giroux said if the government keeps levy at $50 per tonne for big industrial emitters, it would mean households and other sectors of the economy would have to cover the difference, requiring a levy of $289 per tonne in 2030, according to a report from The Canadian Press..“The carbon tax is economic pain without the environmental gain,” said Franco Terrazzano, Alberta Director of the Canadian Taxpayers Federation..“Canada is not on track to hit its Paris Accord targets, and additional measures would reduce the size of our economy by more than $10 billion by 2030..“Prime Minister Justin Trudeau’s carbon taxes, including his planned second carbon tax, mean more costs at the worst possible time. Trudeau needs to go back to the drawing board and figure out an environmental plan that doesn’t hammer struggling families and businesses..Dave Naylor is the News Editor of the Western Standard.dnaylor@westernstandardonline.com.TWITTER: Twitter.com/nobby7694
