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Environment committee I should get back to you on this one.
June 12th, 2019Committee meeting
Yves Giroux
Environment committee What we looked at includes the direct cost to households. It includes the output-based pricing system, whereby large emitters can trade among themselves, and if they go above the average for their sector, they have to pay the price on what's above that. You're right that it—
June 12th, 2019Committee meeting
Yves Giroux
Environment committee That's right. We looked at these four provinces because that's where the regime is the federal backstop, and it's the same in all four provinces. The other provinces have a different mix of measures that are different from the federal backstop and different in each province.
June 12th, 2019Committee meeting
Yves Giroux
Environment committee Yes, that's our assumption. Ninety per cent of the revenues generated will be returned to households, and the remaining 10% will go to particularly affected sectors. That's our understanding of the government's policy.
June 12th, 2019Committee meeting
Yves Giroux
Environment committee I don't have the exact numbers in front of me at this very moment. Perhaps you would bear with me for a second, but yes, they will be receiving.... It depends on the jurisdiction. For example, in Saskatchewan, by the end of the period, when the price of carbon reaches $50 a ton
June 12th, 2019Committee meeting
Yves Giroux
Environment committee On a net basis, no, but on a gross basis, we found that on average, the highest quintile in Saskatchewan, for example, will pay between $585 and $1,200 over the period that stretches from 2019-20 to 2023-24. That's on a gross basis. That's before the rebate. Therefore, on a gros
June 12th, 2019Committee meeting
Yves Giroux
June 12th, 2019Committee meeting
Yves Giroux
Environment committee Well, the gross and the net are two different costs. I'll let you use the adjectives or not, but....
June 12th, 2019Committee meeting
Yves Giroux
Environment committee The report tomorrow will incorporate.... In computing or determining the amount necessary to reach the Paris targets, the report takes into consideration all the measures that were in place or had been announced as of September 2018. We had to do a cut-off, because at one point w
June 12th, 2019Committee meeting
Yves Giroux
Environment committee Do you want to answer that?
June 12th, 2019Committee meeting
Yves Giroux
Environment committee Yes, it's something we could look at. If I'm not mistaken, the government has stated that it will exempt the agricultural sector. I may be on thin ice here, but—
June 12th, 2019Committee meeting
Yves Giroux
Environment committee It's something we certainly could look at.
June 12th, 2019Committee meeting
Yves Giroux
Environment committee I'm not sure whether it was by design or by accident. To be able to answer that with a high level of certainty, we need to ask the people who designed the incentive payment. Looking at the numbers, I would say it's due to different consumption patterns. Poorer households have l
June 12th, 2019Committee meeting
Yves Giroux
June 12th, 2019Committee meeting
Yves Giroux
Environment committee Yes, that's it exactly. Tomorrow's report will quantify the price that will have to be applied to carbon emissions between 2023 and 2030 in order for Canada to meet its targets under the Paris Agreement. How will a tonne of carbon have to be priced for emissions to be reduced suf
June 12th, 2019Committee meeting
Yves Giroux