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The Big Story
What does the carbon price increase actually mean for you?
Apr 3, 2024
The podcast delves into the recent increase in Canada's carbon tax, discussing its impact on consumers and the ongoing controversy. It explores the political strategies and policy proposals surrounding the carbon tax, as well as the challenges faced by the Liberal government. The episode also covers the history of the carbon tax debate, public perception, and the importance of effective communication in shaping the narrative.
25:08
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Quick takeaways
- Carbon tax increases aim to align with emission goals by 2030, affecting consumer fuel costs.
- Federal carbon rebate system offsets costs for 80% of Canadian families, sparking political debate.
Deep dives
Impact of Carbon Price Increase on Canadians
The recent increase in the carbon tax, amounting to $15 per tonne of pollution, has sparked controversy in Canada. This rise to $80 per tonne on April 1st affects the consumer carbon levy, impacting purchases of fossil fuels such as gasoline, natural gas, and diesel. The increase, part of a planned progression since the tax's introduction in 2019, aims to raise the price to $170 per tonne by 2030 to align with emission reduction goals. Despite ongoing debates, the impact translates to an additional cost of about 3.3 cents per liter at the gas pump and approximately $65 for home heating per year.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode