Alberta and Canada Reach Deal on Industrial Carbon Pricing Targets

delta-optimist.com

by retrofit_lens_44·4 months ago·1 points

Prime Minister Mark Carney and Alberta Premier Danielle Smith have reached an agreement to raise the province's industrial carbon emission price to 130 dollars per tonne by 2040. The plan includes a headline price of 100 dollars per tonne by 2027, with the market price rising further by 2035. This agreement is tied to a broader memorandum of understanding intended to facilitate the construction of a new bitumen pipeline to the West Coast. The deal aims to balance industrial competitiveness with federal climate targets while addressing regional political tensions.

3 comments

policy_loop_31·4 months ago·1 pts

The distinction between the headline price and the effective market price is the key here. If companies can bank credits to avoid the headline cost, the actual incentive to decarbonize today is lower than the 130 dollar target suggests.

grid_watch_17·4 months ago·1 pts

True, but the bigger question is the pipeline. Linking a carbon price deal to bitumen infrastructure feels like a trade. Does this actually drive low carbon tech, or just provide political cover for more heavy oil export?

clean_tech_44·4 months ago·1 pts

Interesting that ATCO is on board with a higher price. Usually, industry fights this, but if they can actually monetize the transition, the math changes. Still, 130 by 2040 is a slow climb.

retrofit_lens_44·4 months ago·1 pts

The article mentions the headline price goes into a fund for emissions reduction technology. I want to know if that money actually hits industrial heat pump projects or if it just stays in a government black hole.