Curbing climate change in ON will cost you $13 a month: report

Categories: Big picture
Published on: May 17, 2016

Toronto Star / Robert Benzie / 17 May 2016

climate-pricingOntario’s new climate-change plan will cost the average household $13 a month — far less than a carbon tax that would have meant a monthly hit of up to $107, according to an internal report on the scheme.

Premier Kathleen Wynne’s cap-and-trade proposal to reduce greenhouse gas emissions, enshrined in legislation expected to pass Wednesday, will drag on the economy by 0.03 per cent in 2020.

Growth forecast to be 11 per cent between 2015 and 2020 will be adjusted downward to 10.97 per cent, having roughly the same effect on the provincial economy as a statutory holiday.

That’s according to a government draft obtained by the Star of the “impact modeling and analysis” of Ontario’s new carbon-pricing program being done along with Quebec and [California].