The NDP has announced it will put climate regulations in place if elected next week.
The party is releasing a five-principled climate action plan, which includes a new rebate for 80 per cent of British Columbians.
Leader John Horgan says the party would phase in increases to the carbon tax beginning in 2020 in order to meet the federally mandated carbon price of $50/tonne by 2022.
Under the NDP plan, the carbon tax would go up by $6 in 2020, and $7 in 2021 and 2022.
“We want to make sure the revenues that are two years out, three years out in 2020, are driven right into those types of initiatives that will reduce our climate footprint here and drive down emissions. The only measure of success of a climate action plan is actually reducing emissions,” Horgan says.
Horgan says there isn’t a plan for how much each rebate will be worth.
The NDP plan also calls for a “sector by sector” regulation of carbon emissions, with reduction targets for transportation and industry set at 30 per cent, while buildings and homes would be slated for a 50 per cent reduction by 2030.
The Liberals say they plan to freeze the $30 Carbon Tax until 2021, while the Green party says it plans to increase the Carbon Tax by $10 per tonne every year from 2018-2022.