Moe concerned feds’ ‘social cost of carbon’ could lead to much higher carbon tax, pave way for Clean Electricity Standard impossible for SK to meet

Moe concerned feds’ ‘social cost of carbon’ could lead to much higher carbon tax, pave way for Clean Electricity Standard impossible for SK to meet

All of this has Moe concerned not only about Guilbeault floating a trial balloon about a possible higher carbon tax, but how this “social cost of carbon” could be used by the federal government as justification for its proposed Clean Electricity Standard. If implemented in its current form, that standard would mean the end of natural gas and coal power production, except in exceptional circumstances, by 2035. There have been numerous days this past winter where up to 86 per cent of Saskatchewan’s power generation came from natural gas and coal combined.

Environment Minister Steven Guilbeault announces “social cost of carbon.” Could this mean a $247/tonne carbon tax?

Environment Minister Steven Guilbeault announces “social cost of carbon.” Could this mean a $247/tonne carbon tax?

On Wednesday, April 19, federal Minister of Environment and Climate Change announced a new “social cost of carbon.” In this video post on Twitter, he referenced a newly evaluated “social cost” of $247 per tonne of CO2. He noted that previously the cost of “carbon pollution” had been evaluated at $54 per tonne CO2e, which closely correlated with the original carbon tax level, as it was first announced. 

Cost of carbon emissions nearly five times higher than previously thought: analysis

Cost of carbon emissions nearly five times higher than previously thought: analysis

The economic cost of greenhouse gas emissions is nearly five times higher than previously thought, Environment Minister Steven Guilbeault said Wednesday.
The minister told attendees at a climate change conference in Ottawa that the government used updated scientific knowledge and economic models to revise the way it evaluates how much climate change is costing Canadians.

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