Alberta Premier Danielle Smith and Prime Minister Mark Carney are finalizing a framework to increase the industrial carbon price under the TIER system. The proposed agreement aims to reach an effective rate of $130 per tonne by 2040 to provide regulatory certainty for large emitters. The deal is closely linked to the advancement of the Pathways carbon capture project and the potential approval of a new oil pipeline to the Pacific Coast. Discussions include the use of floor prices and contracts for difference to stabilize the carbon trading market.
