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Greenhouse Gas Pollution Pricing Act
(GGPPA)
Definition
A Canadian federal law that establishes a framework for pricing greenhouse gas emissions. It sets out mechanisms for implementing carbon pricing through carbon taxes and cap-and-trade systems. The act aims to reduce greenhouse gas emissions by creating economic incentives for businesses and individuals to lower their carbon footprint. It also includes provisions for revenue recycling, such as investing in clean technology and providing support to affected sectors and communities.
Additional Notes
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