CURRENT AFFAIRS

Detailed explanation-1: -“Prime Minister Trudeau issued the Pollution Pricing Challenge a year ago in Glasgow and many have responded. Countries around the world are realizing that pricing carbon pollution can reduce emissions and fight climate change at the lowest cost while also spurring clean innovation.

Detailed explanation-2: -There’s a clear cost from a changing climate, so it can’t be free to pollute. That’s why the Government of Canada introduced a price on carbon pollution across Canada in 2019.

Detailed explanation-3: -Canada is calling on all countries to adopt carbon pricing as a central part of their climate strategies, toward a collective goal of covering 60 percent of global emissions by 2030. To achieve this goal, Canada has launched the Global Carbon Pricing Challenge.

Detailed explanation-4: -The Government of British Columbia introduced a carbon tax in 2008. British Columbia was the first Canadian province to join the Western Climate Initiative (WCI), which was established in February 2007 by the governors of Arizona, California, New Mexico, Oregon, and Washington to reduce greenhouse gas emissions.

Detailed explanation-5: -The payments are given to residents who experience the federal fuel charge, popularly referred to as the “carbon tax, ” as part of the Government of Canada’s climate change plan and efforts to protect the environment while making the shift to more affordable, sustainable actions.