Canada will introduce a national carbon price this fall, Environment and Climate Minister Catherine McKenna confirmed Friday.
“What we want to see is uniformity in terms of a national price, also that we’re doing it in a thoughtful way, and provinces and territories need to decide what they’re doing with the revenues,” she said, following an appearance in Toronto with Bank of England Governor Mark Carney.
McKenna had previously said the federal government would impose a national carbon price if provinces or territories refused to establish their own. “Every jurisdiction needs to have a price on carbon, and the premiers have all recognized that a price on carbon is part of the solution” to climate change, she told CBC’s The House in March.
Asked late last week whether Ottawa would force the matter, she replied: “I don’t like the word forced. I think this is really an opportunity.” But “we need a national price on carbon. So that’s what we’re going to have in the fall.”
McKenna added that emissions disclosure by private firms “is certainly part of the equation,” noting that business like Air Canada and Suncor Energy, members of the recently-expanded Carbon Pricing Leadership Coalition, “understand a price on carbon is the most impressive way to reduce emissions and foster innovation that we need. So it’s great. I feel we are really creating the momentum. The stars are aligning, and industry is aligning with us.”