Canada and Alberta Negotiate New Industrial Carbon Pricing Deal

The Canadian government and Alberta are negotiating a new industrial carbon pricing agreement. The proposed deal would set a headline price of 100 dollars per tonne by 2027, which is lower than the current federal backstop requirements. This agreement focuses on the distinction between headline prices and the effective market price for carbon credits. Critics argue the slower price increase provides industrial emitters too much leeway, while others suggest the final impact depends on how the government handles existing credit surpluses.