The Federal Government has stated that all Provinces and Territories will need a carbon pricing mechanism. Both British Columbia and more recently Alberta have a carbon tax and it has been proven effective at reducing emissions. Our government signed on to the Vancouver Declaration and is looking at the feasibility of a carbon tax.
Ecology North has developed a discussion paper on Carbon Pricing for NWT. It suggests that a carbon tax is the most fair and equitable approach for the NWT. This tax as proposed would only equal 5.5 cents on a litre of gasoline or diesel. Of the roughly $20 million raised annually some would go towards tax relief such as low income tax credits, and a remote community homeowner benefit, some to a reduction in small business and corporate taxes. While 50% of the revenue would go towards green energy solutions, that would lead to long term energy and cost savings for NWT residents.
Have a read of our discussion paper. If you agree that this is the right approach that will redistribute your tax dollars to better reflect our northern values and lead to substantial long term energy and cost savings contact your MLA and let them know, or go to the GNWT budget consultation and email your thoughts about the carbon tax to the Department of Finance at firstname.lastname@example.org.