The Government of Canada and Alberta have signed an Implementation Agreement to stabilize the Technology Innovation and Emissions Reduction (TIER) framework. The deal introduces a carbon credit price floor starting in 2030 to address current oversupply and ensures a predictable pricing trajectory for the oil and gas industry through 2040. Key changes include tapered industrial carbon price increases and revised stringency rates for emissions benchmarks. The agreement also maintains a direct investment pathway for decarbonization and integrates Alberta into the National Electricity Strategy while managing the status of Clean Electricity Regulations.
