M-131: Carbon Pricing

First reading.




Reporting on Carbon Pricing is addressed through agreed Federal-Provincial Pan-Canadian Approach. Provisions for annual reporting, and for study and review of the pan-Canadian approach to carbon pricing have been agreed to by First Ministers as part of the Pan-Canadian Framework on Clean Growth and Climate Change (PCF). These provisions are listed in the Background section below. The PCF provides for annual reporting to First Ministers, transparent and regular public reporting to Canadians, and a comprehensive set of studies and reviews. Moreover, a separate study by the Standing Committee on Finance conducted in isolation would run counter to the collaborative approach agreed to by federal, provincial and territorial governments to implementing, reviewing and reporting on carbon pricing measures.