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Canada to impose carbon price on provinces, territories by 2018

Canadian Prime Minister Justin Trudeau said that the federal government will initially set a “floor price” on carbon pollution of C$10 per tonne in 2018, increasing C$10 per year to C$50 per tonne by 2022, CBC News reported Oct. 3.

Provinces and territories will have the option on deciding how the pricing will be implemented, either by placing a direct price on carbon pollution or adopting a cap-and-trade system, "with the expectation that it be stringent enough to meet or exceed the federal benchmark,” the prime minister added.

Should jurisdictions not have either system in place by 2018, the government will implement a price in the province or territory.

The Mining Association of Canada has said that its members support the efforts of the federal government to establish a national price on carbon pollution.