11. 2 Revenue-Neutral Carbon Tax 2 phased in $/tonne of carbon dioxide equivalent emissions $10 $15...
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Transcript of 11. 2 Revenue-Neutral Carbon Tax 2 phased in $/tonne of carbon dioxide equivalent emissions $10 $15...
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Revenue-Neutral Carbon Tax
2
$10
$15
$20
$25
$30
2008 2009 2010 2011 2012
phased in
$/tonne of carbon dioxide equivalent emissions
$10
$15
$20
$25
$30
2008 2009 2010 2011 2012
![Page 3: 11. 2 Revenue-Neutral Carbon Tax 2 phased in $/tonne of carbon dioxide equivalent emissions $10 $15 $20 $25 $30 20082009201020112012.](https://reader035.fdocuments.in/reader035/viewer/2022070307/551b3dba550346dd1a8b54fa/html5/thumbnails/3.jpg)
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Revenue-Neutral Carbon Tax
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Personal income tax reductions
Low income climate action
tax credit
Corporate income tax reductions
Small business corporate income
tax reductions
2008/09 through 2010/11; $ millions
1,8491,849
Carbon Tax Revenues Tax reductions
255
415
395
784
Every dollar raised by carbon tax is
returned to taxpayers by law
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Carbon Neutral Government Leading the Way
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Core government
Health Authorities
Hospitals
Universities & Colleges
Schools
Crown corporations
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Stepping towards Carbon Neutral
1. Accurately measure GHG emissions
2. Aggressively reduce GHG emissions
3. Use standardized carbon offsets program to offset what emissions cannot be reduced now
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Pacific Carbon Trust
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• Pacific Carbon Trust – new Crown corporation established in early 2008
• Money invested in Trust will be reinvested in made-in-B.C. emission offset projects
• Projects may include:
– Enhanced energy efficiency,
– Clean, renewable energy
– Incremental afforestation measures