Policy status:In Force
Date Effective:2008
Policy Type:Economic Instruments>Fiscal/financial incentives>Taxes
Climate Change Policy Targets:Energy Sector, Industry
Agency:Government of British Columbia
Climate Change Description:

This revenue-neutral tax applies to most fossil fuels, including: gasoline, diesel, natural gas, coal, propane, and home heating fuel. The carbon tax started at $10 per tonne of associated carbon or carbon-equivalent emissions, and rose by $5 each year over four years, reaching $30 per tonne in 2012. The revenue generated by this tax is returned to individuals and businesses through reductions to other taxes and other tax credits.

Last modified: Thu, 21 Jan 2016 11:48:41 CET