Canada: The federal carbon tax, set to increase to US$37.64/t in 2022 from C$15.06/t as of January 2019, may drive Canadian businesses abroad to polities with less stringent climate laws, most notably the US. The Fraser Institute, an independent, non-partisan public policy think-tank, has named cement and concrete product manufacturing amongst the 13 industries most heavily affected, with a forecasted rise in production costs of 2.69%.
Canada’s cement industry faces manufacturing’s carbon leakage fears
URL: https://globalcement.com/news/item/9758-canada-s-cement-industry-faces-manufacturing-s-carbon-leakage-fears
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