Finance committee  I would broadly agree with your description of the philosophical kind of conceptual underpinning of carbon pricing, with one caveat, and that is that the carbon pricing applies beyond the private sector. You're right that it will apply to households. As householders, you and I wi

Finance committee  At the moment, there are three things I would point to. One—and I apologize for repeating myself—the provinces will have discretion. They will be able to spend the money, the direct revenue. The existing jurisdictions are already putting in place various measures that are, at l

Finance committee  In that way, I face an incentive to reduce my emissions continuously. Even if I go below my limit, I face an incentive to continue to reduce them because I'm then generating something of value that I can sell. The idea there is that then we're reducing the total exposure to the p

Finance committee  We are working very closely with the provinces, but our efforts at the moment are focused primarily on helping those jurisdictions decide whether to implement their own pricing system, and if so, how to design the system in a way that makes the best sense for their jurisdiction,

Finance committee  I'm sorry. Yes, it goes to the government of that jurisdiction, provincial or territorial, with no strings attached, if you will. As Mr. Poilievre pointed out, there's an added provision in the bill that, while it requires the government to return the money to the jurisdiction,

Finance committee  The goal of the Canadian government in pricing carbon, I would say, is threefold. First of all, the government believes that Canada should do it's part along with the rest of the world in trying to mitigate greenhouse gas emissions. Canada, on its own, cannot prevent climate chan

Finance committee  Could I just add one point? Many provinces already have similar arrangements with their provincial sales taxes on fuels. Many farmers would already be familiar with the distinction and already have the arrangements put in place not to pay fuel tax on fuels. Indeed, in many jurisd

Finance committee  Thank you. That's a very good question. I'll reply in English. We did think about this carefully. The reason for deciding on the second anniversary is that the results of the system will not be clear for about a year and a half. The reason is that the system has two components

Finance committee  The study that I mentioned has on pages 7 and 8 some examples of the ways that provinces with existing carbon pricing systems are investing some of their revenues. Each of those jurisdictions is pursuing what you might call a portfolio approach. They have not said that every cent

Finance committee  I can.

Finance committee  When the government developed its commitment to pan-Canadian carbon pollution pricing in late 2016, three jurisdictions already had carbon pricing and Ontario had already announced its intention to join the Quebec-California cap-and-trade system, so we had the four provinces with

Finance committee  Under the pan-Canadian framework, the first ministers agreed to quite a few things, and I'll mention three. The first was to put in place carbon pricing throughout Canada. The second was to put in place a carbon price that goes to $50 in 2022, and then to conduct a review of the

Finance committee  It may be useful to think of three types of air transportation: international transportation from one country to another; what we've called “interjurisdictional”, say from Yukon to Northwest Territories or Ontario to Quebec, so from one jurisdiction in Canada to another; and intr

Finance committee  In the pan-Canadian framework, the federal government committed to work with the three territories to estimate the impacts of carbon pricing on the territories. During the course of 2017, our two departments worked closely with each of the territories and produced three studies,

Finance committee  We've done a range of basic modelling and analysis.