The Johnson Shoyama Graduate Institute of Public Policy hosted an educational event on carbon pricing on Wednesday.
The keynote speaker was Chair of non-partisan research body, Canada’s Ecofiscal Commission, Chris Ragan.
Director of the Johnson Shoyama Institute, Jeremy Rayner, says Ragan cautioned those in attendance about investing in technology.
He notes carbon capture and sequestration of carbon naturally are great options, but a carbon tax will simply help the effort to reduce emissions.
Rayner says there was a lot of questions about possible alternatives to carbon pricing such as trade deals and where the money would go once the provinces got their hands on it.
The proposed carbon pricing is expected to add 10 dollars per tonne, with a scaling factor up to 50 dollars per tonne by 2022.
It is expected the federal plan will cost the province s economy $2.5-billion by that time.