WHEREAS the urgency of finding ways to meet B.C.s 2020 GHG reduction targets is increasing, B.C.s economy remains strong relative to the rest of Canada, the carbon tax has been a success at helping to lower emissions, and has enjoyed relatively high public support and been praised by the OECD and World Bank; and, WHEREAS the provinces carbon tax freeze is scheduled to end in 2018, or earlier if enough jurisdictions implement comparable carbon pricing approaches, and the percentage of the worlds carbon pollution covered by a carbon price is expected to increase from 12 in 2014 to 25 in 2017 after Ontario, Washington and Oregon State, and China, Chile and South Africa implement the systems they have promised: Therefore be it resolved that the Province commit to increases in the carbon tax of 5 per tonne per year starting when the freeze ends and reviewed five years later, and use the incremental revenue of the carbon tax to support emission reduction projects, particularly at the local and regional level.
