Latest news with #carbonTax
Malay Mail
4 days ago
- Business
- Malay Mail
Govt to prioritise RON95 subsidy reform before carbon tax rollout in 2026
KUALA LUMPUR, June 17 — The government will prioritise the rationalisation of RON95 petrol subsidy this year before introducing a carbon tax in 2026, said Finance Minister II Datuk Seri Amir Hamzah Azizan. He said Malaysia must first address the issue of fuel subsidies, particularly those involving the energy sector, before implementing the carbon tax. The government had previously announced plans to roll out a carbon tax targeting the iron, steel, and energy industries by 2026, as outlined in Budget 2025. 'As we embark on this transition, we must ensure that no unintended consequences are embedded within our system. For instance, Malaysia has yet to implement a carbon tax as part of its policy framework. While it is scheduled for rollout by 2026, there are important precursor steps we must take,' he added. 'One major issue is the existing distortions in the system, especially the subsidies provided to the energy sector. A key objective now is to begin scaling back these subsidies. It doesn't make sense to impose taxes on one side while simultaneously providing subsidies for petrol, diesel, and other fuels,' he continued. Amir Hamzah made these remarks during a session titled 'Delivering Malaysia's Energy Transition', where he was a panellist alongside Deputy Minister of the Ministry of Energy Transition and Water Transformation (PETRA), Akmal Nasrullah Mohd Nasir. The session was chaired by Tan Sri Abdul Wahid Omar, a senior independent and non-executive director of IOI Corporation Bhd. MORE TO COME
National Post
11-06-2025
- Automotive
- National Post
FIRST READING: It looks like the Liberals are still planning to ban gas-powered cars
Article content First Reading is a Canadian politics newsletter curated by the National Post's own Tristin Hopper. To get an early version sent directly to your inbox, sign up here. Article content TOP STORY Article content Article content Although the Carney government may have dispensed with the wildly unpopular consumer carbon tax, Environment Minister Julie Dabrusin confirmed this week that they're staying the course on an environmental policy that's almost as controversial. Article content Article content In the House of Commons on Monday, Dabrusin said there would be no changes to a Trudeau-era plan to ban the sale of gas-powered cars by 2035. Article content Article content In late 2023, the Liberal government announced a system of mandated sales quotas on new vehicles under which any sales of new gas or diesel-powered vehicles would become prohibited by 2035. Article content The proposal has not polled well. In October, an Ipsos poll found that 66 per cent of Canadians thought the 2035 timeline was 'unrealistic.' Article content A Nanos poll from May 2024 found that just 30 per cent of respondents endorsed a 'total ban on the use of gas-powered cars and SUVs,' as compared to 66 per cent who opposed it. Article content The federal government's own research has warned that Ottawa is falling well short of the charging infrastructure and electricity generation that would be required to meet the EV mandate. Article content A report published last July by Natural Resources Canada estimated that it could cost as much as $300 billion to prepare the country for a future in which the sale of new gas-powered cars becomes illegal. Article content Article content For context, there are currently 26.3 million registered motor vehicles in Canada. An expenditure of $300 billion would be equivalent to spending $11,500 for every single vehicle currently on the road. Article content Article content At the time of the report's publication, there were about 30,000 EV charging ports across Canada. It's estimated that to keep up with the EV mandate, Canada would need to boost this to 679,000 by 2040. In other words, Canada would need to double its total number of charging ports in a single year, and then maintain that pace for at least 15 additional years. Article content Canadian automakers have long warned that the mandates did not track with consumer preferences. 'The government can only do so much to entice consumers to purchase vehicles that they would like to see implemented.
BBC News
02-06-2025
- Business
- BBC News
Shropshire Council warns of new waste tax it 'cannot afford'
A council has warned that a new carbon tax on incinerated waste would be "an additional financial burden" that it "cannot afford".All of Shropshire Council's non-recyclable waste is burned at the Battlefield Energy Recovery Facility (ERF) in Shrewsbury, which generates electricity in the government has said expanding the UK Emissions Trading Scheme (ETS) to include incinerators from 2028 will cut emissions and improve nine-in-ten local authorities have said they will not be able to meet these additional costs within their existing waste and recycling budgets. Last year, BBC research found that burning household rubbish to make electricity was now the dirtiest way the UK generates power. The Local Government Association (LGA), which represents councils in England and Wales, predicts that the ETS could collectively cost councils up to £747m in 2028, rising to £1.1bn in Council owns the Battlefield ERF but it is operated by waste management firm site generates enough electricity to power 10,000 how much cost will be passed on to the council is unclear. But it is likely to be millions of pounds - money the council would struggle to LGA has argued that councils are not commercial operators and cannot refuse waste collections. 'Additional financial burden' Shropshire Council said the authority was assessing the cost of the proposed tax and would work with Violia to develop a strategy to reduce the impact on taxpayers."This is clearly an additional financial burden that Shropshire Council cannot afford," the authority said."The most sensible option would be to compensate councils as part of the finance settlement, though a more cost-effective option would be to not pass the costs on to local government in the first place."The expansion of the carbon tax, which currently applies to aviation and energy intensive industries, has been criticised by the County Councils organisation is calling on the government to focus instead on the industries creating fossil-based materials, such as plastic packaging, textiles, electrical items and furniture. 'Crazy behaviour by government' "Passing the cost on to councils when we're not in a position to control waste disposal to avoid incineration, or we're locked into extremely long contacts, is crazy behaviour by government," said Richard Clewer, a spokesperson for the County Councils Network and former Conservative leader of Wiltshire Council."The cost will literally push councils over the edge to bankruptcy."Almost all top-tier councils dealing with social care are facing very significant cost pressures . . . the government has got to be more thoughtful and joined up than this."The Battlefield ERF, which has been operational since 2015, burns about 100,000 tonnes of waste a year, including all of Shropshire Council's non-recyclables, plus waste from other areas, including Telford and waste has increased the tonnage of residual waste being burned at the Battlefield incinerator after a ban on scraps being put in green bins, rolled out from November when the £56 garden waste charge was all councils must provide a free weekly food waste collection by April next year. The leftover food will end up being turned into biogas rather than being government says it wants to manage waste in a way that works for communities and is fit for the Department for Energy Security and Net Zero said "expanding the UK Emissions Trading Scheme to include energy from waste facilities will cut emissions and drive investment in cleaner supply chains."We continue to engage with industry and local authorities on the detail of this scheme, including how costs will be managed to reflect emissions reductions and recycling efforts, and will provide further updates in due course." Follow BBC Shropshire on BBC Sounds, Facebook, X and Instagram.
CBC
29-05-2025
- Business
- CBC
Should Quebec keep its carbon pricing system?
Social Sharing Since the federal government scrapped its carbon tax, Quebec stands alone as the only province with its own price on carbon. Now, the Quebec government is facing calls from some corners to eliminate it in order to bring down the price at the pump. But some experts say that would put us even further from our climate goals. And some Quebecers are still trying to wrap their heads around what exactly we're paying — and where the money goes. Do you have a question about Montreal? Host Ainslie MacLellan is determined to help find the answer. Whether it's a story that's disappeared from the headlines, a curious landmark in your neighbourhood, or a quirk of Montreal life you've been wondering about, we're on it. Let's learn about this place together. Your Montreal questions, answered weekly. Nothing too big, too small or too weird. What are you wondering? Send us your question here.
CBC
28-05-2025
- Business
- CBC
Poilievre's crusade against taxes continues outside question period
Pierre Poilievre lost his seat in the federal election and wasn't able to participate in the first House of Commons debate. So the Conservative leader took questions from media elsewhere and criticized the Liberals for 'copying' policies his party campaigned on: an income tax cut, GST reductions on homes and axing the consumer carbon tax.
