Top facts related to environmental taxes applicable in Canada

The climate change has emerged as the biggest threat to the environment for the present and the future generation. The global temperature is likely to increase to 5.3° C. The rise of carbon level has resulted in the increase in pollutants at a great rate. The higher temperature will lead to the rise in the sea level, spreading of harmful diseases, lead to the reduction in productivity and hardships and many more threatening factors.

According to reports, the emission of greenhouse gases and carbon dioxide has reached to 400 parts per million in the atmosphere. This is the highest level of carbon dioxide and other gases in the past thousand years.

Key pointers relative to environmental taxation policies

The past few years have noticed the emission of smog, greenhouse gases and other poisonous pollutants in the air that has made the survival difficult for creatures on the Earth. To reduce this problem, the Environmental Policies and Conventions are drafted at the top levels. The developed and underdeveloped nations have come together to enact policies related to EcoTax and the Carbon Tax.

The Canadian government has come up with the policies of applying the Carbon tax in the country that will ultimately lead to lower gas emissions. To promote the greener growth in the country some important facts that can be applied are:

  • Use of various pricing instruments: There are different taxation instruments implemented by the Canadian government on the industries. This will help in lowering the pollution level, as the heavy taxes will lessen the consumption of goods made of polluting products. These taxes fall into the category of transportation, pollution level, energy level and the natural resources. It bears mentioning, that Canadian government also highly watches the gambling industry and expose taxes upon it. That is why only the most secure and proven sources enter the market. To such sources, we can number well-known NBSO casino online gaming adviser, which you can help to explore pros and cons of popular entertainment websites (si vous parlez français, vous pouvez consulter un de casino en ligne conseiller de jeu et explorer différentes critiques sur des sites de divertissement).
  • Applicability of economic instruments: In order to reduce the environmental pollution in the country the government is using many economic instruments. These instruments will help in reduction of air pollution that will include tax incentives, subsidies, tradable permits and green taxes. The economic instruments lower the cost. They are flexible and stimulate innovation for the companies and consumers that are following greener approach for running the business.
  • Carbon taxation: The government is using the Carbon tax in order to curb the growing limit of carbon level in the air. This will help the nation to help in bringing down the temperature limit to 3° C or cutting it down to 50%.
  • Following new approach: The Canadian Minister has appealed to nations across the globe to join hands in order to lower down the greenhouse gases and carbon level present in the air. The country has asked the representatives of other nations to form a mitigation policy and strategies so that the dangerous situation can be put under the control.

To conclude, the environmental taxation policies will support the Canadian government to bring down the level of pollution prevalent in the atmosphere. This will also lead to the reduction in usage of pollutants in the industries. The taxation will further keep away the people from buying products that cause pollution because of taxation effect.

Overview of facts related to Canada – U.S climate policy options

The increasing greenhouse-gas emissions and other related pollutants have led the two developed nations to join hands and discuss the choices relative to Climate Policies. The model of the U.S. – Canada Climate Change policy depends upon the energy and economic choices of their respective countries. However, it has become totally difficult to estimate the overall cost of the Climate-Change Choices as it depends upon varied factors like:

  • Future costs of the technology
  • Human behavior
  • Widespread economic effects
  • Decision-making process

Specifics related to harmonizing US- Canada climate policies

In order to reduce the growing pollution problems, the two countries Canada and the U.S. are following the harmonized approach. This will help the countries to resort to numerable solutions to sort out the prevalent problem. The two countries are designing the environmental model system that will help in the managing the risk of competition, to achieve the reduction of emissions, development of technology relative to lower carbon emission and produce clean energy.

It is reported that the Canada may face economic risks for independent Canadian actions. For lowering the risk, it is suggestive to harmonize with the U.S. Climate Policies. Even both the nations organized few conventions in order to reach a relative conclusion. It consisted of outreach sessions at many places like:

  • Calgary
  • Vancouver
  • Toronto
  • Montreal
  • Ottawa

The two developed nations have come together in order for the right implementation of the Climate Change Policies and choices. The National Round Table conference held on Policy Choices has led the two countries to invest in the required innovative features relative to low-carbon technology. Few other pointers related to the Canada-U.S. Climate Policy choices include:

  • To meet the targets relative to the reduction of the Global greenhouse gas emissions by joining hands with each other. This will help in reducing the carbon point, and the economic ties between the two countries will help in the development of newer technologies.
  • The CIMS Model followed by the two countries helps in the forecasting the energy demands, and the cost incurred on them. It has become mandatory to choose the right technology for meeting energy demands. This can only be done with the help of U.S. – Canada Policy choices.
  • Climate change has emerged as a greater issue not only in Canada, but all over the world. It is important for the two countries to look after the betterment of their people. It can be done by making the U.S. support Canada in terms of monetary value.
  • The U.S. climatic change policy values were adopted by Canada in the year 2011. The model represented the 3% discount rate similar to that of U.S. Canada implemented the 3% social discount rate along with the prevalent rate for reducing Gas emissions.

From above, clearly that the two powerful nations are dependent on each other for the Climate Change Policy options. The Canada has adopted some fresh norms prevalent in the American state for curbing the threat of environmental pollution.