MAY 2018 THE SUBJECT-MATTER OF THOSE ELEMENTS CONTAINED IN PART 5 OF BILL C-74: AN ACT TO IMPLEMENT CERTAIN PROVISIONS OF THE BUDGET TABLED IN PARLIAMENT ON FEBRUARY 27, 2018 AND OTHER MEASURES Report of the Standing Senate Committee on Energy, the Environment and Natural Resources The Honourable Rosa Galvez, Chair The Honourable Michael L. MacDonald, Deputy Chair For more information please contact us: by email:
[email protected] by mail: The Standing Senate Committee on Energy, the Environment and Natural Resources Senate, Ottawa, Ontario, Canada, K1A 0A4 This report can be downloaded at: www.senate-senat.ca/enev The Senate is on Twitter: @SenateCA, follow the committee using the hashtag #ENEV Ce rapport est également offert en français THE SUBJECT-MATTER OF THOSE ELEMENTS CONTAINED IN PART 5 OF BILL C-74 3 TABLE OF CONTENTS THE COMMITTEE MEMBERSHIP ................................................................... 5 ORDER OF REFERENCE .............................................................................. 6 INTRODUCTION........................................................................................ 9 THE GREENHOUSE GAS POLLUTION PRICING ACT: DESIGN AND IMPLEMENTATION .................................................................................... 9 GENERAL DISCUSSION FROM WITNESSES ................................................ 12 A. Carbon Pricing as an Economic Instrument ...................................... 12 B. Competitiveness ..........................................................................