11

2

Revenue-Neutral Carbon Tax

2

$10

$15

$20

$25

$30

2008 2009 2010 2011 2012

phased in

$/tonne of carbon dioxide equivalent emissions

$10

$15

$20

$25

$30

2008 2009 2010 2011 2012

3

Revenue-Neutral Carbon Tax

3

Personal income tax reductions

Low income climate action

tax credit

Corporate income tax reductions

Small business corporate income

tax reductions

2008/09 through 2010/11; $ millions

1,8491,849

Carbon Tax Revenues Tax reductions

255

415

395

784

Every dollar raised by carbon tax is

returned to taxpayers by law

4

Carbon Neutral Government Leading the Way

4

Core government

Health Authorities

Hospitals

Universities & Colleges

Schools

Crown corporations

5

Stepping towards Carbon Neutral

1. Accurately measure GHG emissions

2. Aggressively reduce GHG emissions

3. Use standardized carbon offsets program to offset what emissions cannot be reduced now

5

6

Pacific Carbon Trust

6

• Pacific Carbon Trust – new Crown corporation established in early 2008

• Money invested in Trust will be reinvested in made-in-B.C. emission offset projects

• Projects may include:

– Enhanced energy efficiency,

– Clean, renewable energy

– Incremental afforestation measures