TD Economics Looks at the Impact of a National Carbon Price in Canada

Dec 15, 2016 12:00 PM ET
Press Release

TORONTO, December 15, 2016 /3BL Media/ -- TD Economics has released a report that discusses the potential impacts of a national carbon price in Canada as the federal government continues to push towards one.

Highlights from the report, Canada-Wide Carbon Pricing Offers Opportunities, But Not Without Risks, include:

  • With the price of carbon emissions set to be at $10 per tonne in 2018, and rising by $10 every year to reach $50 by 2022, Canada will be a leader in carbon pricing in North America.
  • Revenues from the carbon price are expected to range from 1 percent to 3 percent of Canada's GDP – how they will recycle those revenues is critical.

To read the report visit www.td.com/economics