The federal carbon tax is slated to rise to $170 per tonne by 2030.
Prime Minister Justin Trudeau announced on Friday the government’s plans to tackle climate change over the next 10 years to ensure they meet their targets set under the Paris Agreement.
This includes raising the annual increase on the tax from $10 to $15 starting in 2023.
“As we continue to address the impacts of COVID-19 and ensure our strong economic recovery, we must also continue to fight climate change for the good of Canadians, our economy, and our planet,” said Trudeau.
The carbon tax started at $20 a tonne in 2019 and is set to rise to $40 a tonne in 2021.
The increase in price is also translating into a rise in potential rebates.
According to the government of Canada, a family of four will receive around $990 next year and approximately $1,200 in 2022. This will continue to rise each year the tax is increased.
“This strengthened climate plan will help us build a healthier, fairer, and more resilient future that we can be proud to pass on to our children and grandchildren,” added Trudeau.
Albertans can also expect to pay a little more at the pumps.
According to CBC News, the price at the pump will increase by over 37 cents a litre by 2030.
