Canada and Alberta have agreed to a slower escalation of industrial carbon prices under the TIER regime. The new path sets rates at CA$95 per ton in 2026, reaching a cap of CA$140 by 2040, significantly lower than the previously planned CA$170 by 2030. The agreement introduces minimum transfer prices for carbon credits starting in 2030 to prevent market crashes from oversupply. It also implements carbon contracts for difference to de-risk large-scale emissions reduction investments and adjusts stringency rates for several industrial sectors.
