October 3, 2016 / 5:26 PM / a year ago

Canada PM sets national carbon price to be met by 2018

TORONTO, Oct 3 (Reuters) - Canada will have a minimum price on carbon emissions by 2018, the country's prime minister said on Monday, with provinces given the option between implementing a carbon tax or a cap-and-trade market by then.

Under the national plan, which was quickly rejected by the oil-rich province of Alberta unless it comes with approval for pipelines, carbon pollution will cost C$10 a tonne in 2018, rising incrementally to C$50 a tonne by 2022. (Reporting by Alastair Sharp; Editing by David Gregorio)

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