Conservatives tout consumer carbon prices through savings accounts

Ottawa — Conservative leader Erin Outur proposes loyalty card-style carbon pricing that allows consumers to see how much they will pay for fuel stored in accounts that can later be used for green purchasing.

The so-called “individual low-carbon savings account” is the signing policy of the party’s plan to tackle climate change announced Thursday.

Encouraging consumers to pay carbon prices represents a major change for parties that have long campaigned to abolish programs introduced by the Liberal Party under Prime Minister Justin Trudeau.

O’Toole emphasized that his plan would actually remove the country from Trudeau’s program, raising his consumer carbon prices to similar levels by 2030, “smart and market-based to reduce emissions. It was characterized as a “transparent approach”.

“This is not a tax,” O’Toole said.

Instead of collecting the amount that residents pay for fuel when refueling and paying it back on a check after the income tax has been filed, conservatives have set consumer carbon pricing under a liberal program. I mentioned how it works. Duty free savings account.

“I don’t go to Ottawa for a penny,” O’Toole said.

The party said the accounts would be managed by the company in the same way that the debit card system works. The plan, which works like any other loyalty program, will allow users to save money over time to purchase products that help them live a “more environmentally friendly” life, such as bicycles and tickets. I am.

In a technical briefing, officials said the government would oversee the program, for example, to prepare an acceptable list of items that could be purchased using low-carbon dollars.

Officials also acknowledged that the program is aimed at people who are driving rather than those who are already biking or walking for commuting.

“Many Canadians are convinced that looking at their smartphones and wallets, they have a lot of loyalty and loyalty systems that aren’t really that complicated and are very easy to manage,” O’Toole said. Says.

“This gives Canadians a sense of responsibility, and if they have a modest amount of savings in their low-carbon savings account, it can take years to upgrade their bike if they are in the city.”

O’Toole said his plan was also cheap for Canadians.

The Conservative Party says consumer prices start at $ 20 per ton and rise to less than $ 50 per ton.

The liberal plan, which applies only to states that do not have their own approved carbon pricing scheme, sets the price at $ 40 per ton and rises annually until it reaches $ 170 per ton by 2030.

Federal plans could raise the price of pumps by nearly 28% in 10 years, officials said in December.

Officials said Otur had planned to introduce consumer carbon prices for several months prior to the recent Supreme Court of Canada ruling that the liberal federal backstop was constitutional.

Conservatives are ready to raise the carbon price of industrial emitters to $ 170 per ton by 2030, but consumers will be limited to $ 50.

To offset that low price, the party added zero-emission vehicles to the road by requiring renewable natural gas requirements and 30% of small cars such as cars, SUVs and pickups, and others. We aim to reduce greenhouse gas emissions through means. Truck — Sold free of pollutants by 2030.

Other plans focus on proposing lower industrial emissions standards across North America to the U.S. Biden administration, improving fuel regulations to make gasoline burning cleaner, forests, agriculture and wetlands. Includes investing $ 3 billion in “natural climate solutions” over a 10-year period.

It also takes into account tax credits to encourage the use of carbon capture technology.

“Electric vehicles are growing in popularity rapidly, but the truth is that the world will continue to burn oil and gas for decades to come,” said a conservative plan called “Environmental Security.” ..

In December, the Liberal Government announced a $ 15 billion plan to realize its climate change efforts, including a steady increase in carbon taxes.

It also encourages heavy industry to reduce emissions, promises to increase the energy efficiency of buildings by communities, and to reduce electricity generated by diesel generation in remote communities.

The goal is to reduce emissions by 32% by 2030, which is slightly above Canada’s 30% Paris Agreement promise. Ottawa wants to reach a 40% reduction when state programs are layered.

Stephanie Taylor