Put a Price on Carbon

Recently the National Round Table on Environment and the Economy (NRTEE) released its report calling on aggressive action to fight climate change. According to NRTEE we need to put a price on carbon. A cap-and-trade system is one of the options gaining support. The cap-and-trade system forces large Canadian companies to either reduce their emissions to levels required under the Kyoto Protocol or spend significant money on Canadian projects that have the effect of reducing greenhouse gas emissions.