Canada
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New clean fuel regulations to raise gasoline prices will have the greatest impact on low-income Canadians

Impact analysis estimates that Canada will reduce about 5 to 6 percent of what it needs to eliminate to reach its current goals for 2030.

Article author:

Canadian Press

Canadian Press

Mia Rabson

A man pumps gas in Montreal, Friday, March 4, 2022.
A man pumps gas in Montreal on Friday, March 4, 2022.Photo: Graham Hughes/Canadian Press

OTTAWA — Greenhouse gas emissions from gasoline and diesel New federal regulations to enforce emissions cost Canadians up to 13 people An impact analysis of clean fuel regulations released on Wednesday estimates that 2030 will reduce greenhouse gas emissions by about 18 million tons. increase. 6 percent of what Canada needs to eliminate to reach its current goals for the year.

Refineries and other fuel suppliers will cost between $ 22.6 billion and $ 46.6 billion to comply. That means an average reduction of about $ 151 per ton of emissions.

This impact will reduce Canada's GDP by $ 9 billion and raise gasoline prices by 6 to 13 cents per liter in 2030, when the full range of regulations will come into force.

This can cost between $ 76 and $ 174 per vehicle, or up to $ 301 per household.

Analysis shows that it is less vulnerable to fluctuations in energy costs and is not suitable for low-income families, single mothers, and the elderly who are least likely to buy alternatives such as electric vehicles. There is a balanced cost impact. ..

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