Canada and Alberta have reached a landmark agreement to align industrial carbon pricing, targeting an effective price of $130 per tonne by 2040. This deal aims to fix a broken market where credits were trading far below federal standards, creating a more credible signal for heavy emitters to invest in decarbonization. The agreement establishes a structured price increase, hitting $100 per tonne by 2027 and incorporating annual inflationary escalators. This alignment is intended to unlock major emissions-reducing infrastructure and provide the regulatory certainty needed for large-scale industrial projects.
