B.C.’s carbon tax is the cornerstone of our climate leadership. It is the highest and most comprehensive carbon price in North America.
It is also the world’s first revenue-neutral carbon tax. That means we tax the things we don’t want, like pollution, while reducing taxes to create things we do want, like jobs, income and opportunity.
B.C.’s carbon tax is applied to the purchase or use of fuel based on its carbon content. It was introduced at $10/tonne in 2008 and was raised $5 every year until it reached $30/tonne in 2012.
The carbon tax has encouraged businesses and citizens to invest in cleaner choices. This has pushed our industries to innovate and invest in climate friendly solutions, driving the growth of our clean tech industry and helping to create over 68,000 green jobs in the province., and Aanother 66,000 green jobs will be created over the next ten years.
The carbon tax alone is estimated to have reduced B.C.’s emissions by up to 15% since it was introduced in 2008. It has been acknowledged as a model for the world by the Economist, the New York Times, the World Bank and the United Nations.
Learn more about how B.C. is taking action on climate change by reading the Climate Leadership Plan.