Industrial carbon pricing has three times the impact on emissions as consumer carbon tax: report

As the federal government faces increasing political pressure to halt a planned increase to its consumer carbon tax, a new report shows industrial carbon pricing has three times the impact on greenhouse gas emissions as the consumer tax.

The independent analysis from the Canadian Climate Institute, released Thursday, shows that the current suite of federal government climate policies is set to significantly reduce Canada’s emissions.

The report found that carbon pricing — both the consumer and industrial versions — is projected to reduce emissions by as much as 50 per cent by 2030.

Much of the debate over carbon pricing centres on what