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How will carbon tax affect the Fishing industry in Canada. Please elaborate your answer. Please answer...

How will carbon tax affect the Fishing industry in Canada. Please elaborate your answer.

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Canadian Government has planned to reduce the 80 - 90 Million tones of carbon emission by 2022. it will cost close to $ 2 billion to US GDP.

The fishing industry will be hit by the carbon tax. the equipment and technology that are being used in the fishing industry would become relatively costly. so the cost of Fishing will be driven by the carbon tax. Some studies are claiming that it will not affect fishing industry negatively but since other countries have not rolled out a policy of carbon tax, thus there will be a fall in production and earnings in the fishing industry in Canada.

Employments would be negatively affected by the fall in production in the Fishing industry.

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