GREY:COSLF - Post by User
Post by
M101on Nov 02, 2019 11:32am
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Post# 30300906
tier
tieralberta's carbon tax alternative is out, fwiw.
description from National Observer:
TIER only targets industry with emissions over 100,000 tonnes of carbon dioxide equivalent annually. Companies then have the choice of lowering their emissions by 10 per cent, paying $30 per tonne on emissions that don’t meet the reduction targets, or buying credits from other companies that have exceeded their required reductions.
The UCP program wholly backs technology as the golden goose to further decrease emissions from there, with the first $100 million in revenues, along with 50 per cent of revenues after that to the tune of roughly $1.2 billion, devoted to emissions-reduction technology. This includes $324 million being allotted to investment in carbon capture technology as well as $116 million earmarked for the Oilsands Innovation Fund.
The TIER program has taken into account some feedback from experts as it has changed from what the UCP originally published during the election campaign as their plan. The new version has seen an increase in the levy on surplus emissions from $20 to $30 per tonne, as well as includes aspects of the NDP’s program when determining benchmark emissions levels.