12-20-2016, 06:56 AM
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#5599
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Scoring Winger
Join Date: Jul 2009
Location: Bowness
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https://www.alberta.ca/climate-carbo...ng.aspx#p184s4
Quote:
Reinvesting in our economy
The carbon levy is the key tool that will pay for the transition to a more diversified economy. Over the next 5 years, the levy is expected to raise $9.6 billion, all of which will be reinvested in the economy and rebated to Albertans.
$6.2 billion will help diversify our energy industry and create new jobs:
- $3.4 billion for large scale renewable energy, bioenergy and technology
- $2.2 billion for green infrastructure like public transit
- $645 million for Energy Efficiency Alberta, a new provincial agency that will support energy efficiency programs and services for homes and businesses
$3.4 billion will help households, businesses and communities adjust to the carbon levy:
- $2.3 billion for carbon rebates to help low- and middle-income families
- $865 million to pay for a cut in the small business tax rate from 3% to 2%
- $195 million to assist coal communities, Indigenous communities and others transition to a cleaner economy
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