While this may sound like a strong stance on climate action, the reality is that such a policy carries major risks for Canada’s economy. As a resource-rich nation that exports carbon-intensive products like oil, natural gas, and minerals, Canada stands to lose more than it gains from this approach.
Key problems with a carbon tariff in Canada
- Retaliation from other countries
- Canada is an exporting nation
- Big business paying for consumers’ emissions
CBAM in context: implications for Canada
- Where do others stand?
- What it means to consumers
- Carbon-Intensive Exports from Canada
- Carbon-Intensive Imports into Canada
Source: www.todayville.com
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