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Canada’s Carbon Pricing Policy – The Edge Leaders

December 7, 2023

Pricing carbon pollution is recognized as one of the most effective ways to reduce greenhouse gas emissions that cause climate change, according to Environment and Climate Change Canada. Carbon pricing is a tax or fee that is placed on carbon-based fuels and industries that produce carbon emissions, such as gasoline for your car. The good news is most of the money from the federal price on pollution charged to fuel is returned to families through Climate Action Incentive payments.

What is Carbon Pollution?

Carbon dioxide (CO2) is a greenhouse gas that is colourless, odourless and non-poisonous. It is formed by combustion of carbon—which is a key element in biology. It is used to make fuel and high-tech car parts, along with many other things. When any object with carbon is burned, the carbon atoms combine with two oxygens to form Carbon dioxide (CO2).

CO2 has always been a part of the earth—it keeps the planet warm. However, its content levels are reaching an excess in the atmosphere. Earth’s climate varied between 180 and 280 parts per million during the last million years. Since the 19th century, human activities (deforestation, land clearing, burning fossil fuels, etc.) have raised the carbon dioxide content by about 50 per cent in less than 200 years. As a result, it has become a huge factor in climate change.

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