CLIMATE ACTION IN BRITISH COLUMBIA CLIMATE ACTION IN BRITISH COLUMBIA .
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CLIMATE ACTION IN BRITISH COLUMBIA www.livesmartbc. ca CLIMATE ACTION IN BRITISH COLUMBIA www.livesmartbc.ca
Transcript of CLIMATE ACTION IN BRITISH COLUMBIA CLIMATE ACTION IN BRITISH COLUMBIA .
CLIMATE ACTION INBRITISH COLUMBIA
www.livesmartbc.ca
CLIMATE ACTION INBRITISH COLUMBIA
www.livesmartbc.ca
US Lieberman Warner
2020Target Year
2007Baseline
Year
Current Emissions
2050Target Year
British Columbia’s Legislated Targets
- Personal Transportation - Freight - Electricity Generation
33% Reduction
80% Reduction
6%
Interim Targets
18%
2012 2016
EU Proposed 30% Reduction From 1990 Levels
Reducing BC’s GHG emissions by at least 33% below 2007 levels by 2020 and at least 80% below by 2050
Acting in Every Sector
Government is taking focused action
5 Key Strategies
1. Regulation 2. Fiscal measures
3. Market mechanisms 4. Support for technology
5. Behaviour change
Reaching our Targets
Energy Plan
Tailpipe StandardLow Carbon Fuel
Cap and trade Landfill Gas
Utilities Commission
Green Communities
Carbon Tax Act
Through significant pieces of climate action legislation
Revenue-Neutral Carbon Tax
Returns every dollar collected back to taxpayers
Rewards green choices
New Pollution Tax on Carbon Emissions
$/tonne of carbon dioxide equivalent emissions
2008 2009 2010 2011 2012
$10
$15
$20
$25
$30
Tax cuts, funded by an innovative tax on pollution
New Pollution Tax on Carbon Emissions
Personal income tax reductions
Low income climate action
tax credit
Corporate income tax reductions
Small business corporate income
tax reductions
2008/09 through 2010/11; $ millions
1,8491,849
Carbon tax revenues Tax reductions
255
415
395
784
Every dollar raised by carbon tax is
returned to taxpayers by law
Carbon Emissions Tax
Personal income taxes reduced by an average of 5% for all British
Columbians of the first $70,000 of earnings by 2009, with further
reductions by 2010.
Lower income Climate Action Credit: $100 per adult and $30 per
child per year, rising by 5% in 2009
Corporate income tax reduced to 11% from 12% expected to fall to
10% by 2011
Small business corporate income tax rate reduced from 4.5% to 3.5%, expected to fall to 2.5% by 2011
2008/09 through 2010/11; $ millions
$1,849M
$255M
$415M
$395M
$784M
CLIMATE ACTION INBRITISH COLUMBIA
www.livesmartbc.ca
CLIMATE ACTION INBRITISH COLUMBIA
www.livesmartbc.ca
