The Canadian federal government and Alberta are finalizing a deal to set the industrial carbon price at 130 dollars per tonne by 2040. This agreement focuses on the Technology Innovation and Emissions Reduction (TIER) system, which manages emissions for heavy industrial emitters in the province. This pricing trajectory differs from the original national target of 170 dollars per tonne by 2030. The deal provides a concrete timeline for the energy accord signed in late 2025, establishing a predictable cost for carbon for Alberta's industrial sector over the next 15 years.
