The federal and Alberta governments have signed an implementation agreement to raise the industrial carbon tax. The deal addresses a previous oversupply of credits that had pushed market prices well below the federal headline rate. Under the new framework, the market value of carbon credits and offsets in Alberta is projected to rise, reaching 130 dollars per tonne by 2040. The move aims to align industrial emissions costs with national climate goals, though it faces criticism from industry leaders regarding global competitiveness.
