1. CLIMATE ACTION IN BRITISH COLUMBIA www.livesmartbc.ca CLIMATE ACTION IN BRITISH COLUMBIA www.livesmartbc.ca

2. British Columbias Legislated Targets Reducing BCs GHG emissions by at least 33% below 2007 levels by 2020 and at least 80% below by 2050

3. Acting in Every Sector Government is taking focused action

4. 5 Key Strategies 1. Regulation2. Fiscal measures 3. Market mechanisms 4. Support for technology 5. Behaviour change

5. Reaching our Targets Energy Plan Tailpipe StandardLow Carbon Fuel Cap and tradeLandfill Gas Utilities Commission Green Communities Carbon Tax Act Through significant pieces of climate action legislation

6. Revenue-Neutral Carbon Tax Returns every dollar collected back to taxpayers Rewards green choices

7. New Pollution Tax on Carbon Emissions $/tonne of carbon dioxide equivalent emissions Tax cuts, funded by an innovative tax on pollution

8. New Pollution Tax on Carbon Emissions 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 255 415 395 784 Every dollar raised by carbon tax is returned to taxpayers by law

9. Carbon Emissions Tax Personal income taxes reduced by an average of 5% for all British Columbians of the first $70,000 of earnings by 2009, with further reductions by 2010. Lower income Climate Action Credit: $100 per adult and $30 per child per year, rising by 5% in 2009 Corporate income tax reduced to 11% from 12% expected to fall to 10% by 2011 Small business corporate income tax rate reduced from 4.5% to 3.5%, expected to fall to 2.5% by 2011 2008/09 through 2010/11; $ millions $1,849M $255M $415M $395M $784M

10. CLIMATE ACTION IN BRITISH COLUMBIA www.livesmartbc.ca CLIMATE ACTION IN BRITISH COLUMBIA www.livesmartbc.ca