Impact on Large Industrial Emitters
Search Implementing Carbon Pricing in the NWT
The following will apply for large industrial emitters (50,000 tonnes or more of annual GHG emissions):
- the NWT Carbon Tax will be applied on all types of fuel;
- an annual rebate will be provided for 75% of the NWT carbon tax collected on non-motive diesel and heating fuel. This is expected to amount to up to $11.7 million when fully implemented; and
- the other 25% will be held in individualized trust accounts that emitters will be able to access to invest in initiatives that reduce GHG emissions. The amount retained in trust is expected to be $3.9 million annually.