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2 Revenue-Neutral Carbon Tax 2 phased in $/tonne of carbon dioxide equivalent emissions $10 $15 $20 $25 $

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 1,849 Carbon Tax Revenues Tax reductions 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