CME Welcomes Revenue Recycling Mechanism for SMEs
Manufacturers are pleased the government put in place a framework to re-invest carbon tax revenues for SMEs in provinces where the federal price on pollution applies: Saskatchewan, Manitoba, Ontario and New Brunswick. While the Climate Action Incentive Fund and Low Carbon Economy Fund Partnerships only re-allocates a small fraction of the revenues collected, it is a step in the right direction.
CME firmly believes that creating incentives for businesses to invest in new technologies and to innovate is the most effective approach for the government to meet its environmental and economic goals for industry.
CME is involved in the External Advisory Committee that will provide practical advice to help refine and improve the ongoing delivery of Climate Action Incentive Fund programs. We look forward to work with the government to implement and review this program and, find solution for revenue recycling on a larger scale.
ABOUT CANADIAN MANUFACTURERS & EXPORTERS
Since 1871, Canadian Manufacturers & Exporters has been helping manufacturers grow at home and thrive around the world. In 2016, CME released Industrie 2030 – a roadmap for doubling Canadian manufacturing activity by 2030. Our focus is to ensure the sector is dynamic, profitable, productive, innovative and growing. We aim to do this by strengthening the labour force, accelerating the adoption of advanced technology, supporting product commercialization, expanding marketplaces and, most importantly, ensuring a globally-competitive business environment. CME is a member-driven association that directly represents more than 2,500 leading companies.
FOR MORE INFORMATION
Director of Communications
Canadian Manufacturers and Exporter
email@example.com | (613) 292-6070