Federal Government Moves Forward to Fight Climate Change with Carbon Price Standards

BANR

The Federal Government took a big step forward in its fight against climate change today [Dec 20] by releasing new standards for the big emitters of greenhouse gases as part of its carbon pricing plan. It released the draft Output Based Pricing System (OBPS) regulations for the jurisdictions where the federal carbon pricing system will apply.

“By putting a price on greenhouse gases from the big emitters, the Federal Government is using the marketplace to transform our economy away from the fossil fuels that are causing climate change,” stated CAPE President and Yellowknife Emergency Physician, Dr. Courtney Howard.

“According to authorities such as the prestigious medical journal, the Lancet Countdown, the International Panel on Climate Change (IPCC), and the World Health Organization (WHO), say that carbon pricing is a key policy tool needed to fight climate change. Many economists and the Business Council of Canada also emphasize this point.” MORE

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