Alberta Government Bringing in the New Year with Second Phase of Carbon Levy

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Tuesday, January 2nd, 2018 10:54am

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Photo courtesy of the Government of Alberta

An increase on January 1, 2018 raises the levy to $30 per tonne from $20 per tonne of carbon dioxide emissions.

Alberta's carbon levy making a jump on Monday (Jan. 1), increasing to $30 per tonne of carbon dioxide emissions. The provincial government says revenue from the next phase of the levy will continue to be invested in Alberta through green infrastructure, energy efficiency, renewable energy, bioenergy and innovation. Another $1.4 billion for innovation projects funded by the Climate Leadership Plan has also been announced. That includes $440 million for oil sands innovation, $240 million for industrial energy efficiency projects that help companies save money while upgrading equipment or facilities to lower energy use, $63 million in grants for bioenergy projects and much more. In 2018, to help offset the costs of the carbon levy, rebates for low- and middle-income Albertans will increase as well. The rebate is estimated to give about $310 million back to Alberta households. -Sam Borsato with Government of Alberta media release

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