Nature of risk
As a result of this move, the national average price of gasoline in Canada fell. The removal of the consumer carbon tax also weakened efforts to transition to sustainable energy, as the absence of economic incentives to reduce carbon emissions may reduce consumers' motivation to adopt eco-friendly practices.
Policy summary
What changed
The consumer carbon tax was initially implemented by the Trudeau government to curb greenhouse gas emissions by placing a financial burden on carbon-intensive products and services, thereby encouraging households and businesses to shift toward cleaner alternatives.
Primary source