TY - BOOK ID - 85598346 TI - Canada’s Carbon Price Floor AU - Parry, Ian. AU - Mylonas, Victor. PY - 2018 SN - 1484346580 1484346548 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Macroeconomics KW - Public Finance KW - Taxation KW - Environmental Conservation and Protection KW - Natural Resources KW - Climate KW - Natural Disasters and Their Management KW - Global Warming KW - Environmental Economics: Government Policy KW - Taxation and Subsidies: Externalities KW - Redistributive Effects KW - Environmental Taxes and Subsidies KW - Business Taxes and Subsidies KW - National Government Expenditures and Related Policies: General KW - Energy: Demand and Supply KW - Prices KW - Nonrenewable Resources and Conservation: General KW - Public finance & taxation KW - Climate change KW - Excise taxes KW - Environmental management KW - Carbon tax KW - Greenhouse gas emissions KW - Fuel tax KW - Public expenditure review KW - Fuel prices KW - Taxes KW - Environment KW - Expenditure KW - Non-renewable resources KW - Environmental impact charges KW - Greenhouse gases KW - Motor fuels;Taxation KW - Expenditures, Public KW - Natural resources KW - Canada UR - https://www.unicat.be/uniCat?func=search&query=sysid:85598346 AB - The pan-Canadian approach to carbon pricing, announced in October 2016, ensures that carbon pricing applies throughout Canada in 2018, with increasing stringency over time to reduce emissions. Canadian provinces and territories have the flexibility to either implement an explicit price-based system—with a minimum price of CAN $10 per tonne of carbon dioxide equivalent in 2018, increasing to CAN $50 per tonne by 2022—or an equivalently scaled emissions trading system. This paper discusses the rationale for, and design of, the price floor requirement; its (provincial-level) environmental, fiscal, and economic welfare impacts; monitoring issues; and (national-level) incidence. The general conclusion is that the welfare costs and implementation issues are manageable, and pricing provides significant new revenues. A challenge is that the floor price by itself appears well short of what will be needed by 2030 for Canada’s Paris Agreement pledge. ER -