Canada's carbon market still broken: why the cap and trade system fails to cut emissions

A new opinion piece argues that Canada's carbon market remains fundamentally broken despite years of operation. The author points to a low carbon price, too many exemptions for large emitters, and a lack of clear enforcement as key reasons the system has not driven real emissions reductions. The piece suggests that without a higher price signal and tighter caps, the market will continue to underperform. For anyone following carbon pricing in Canada, the article highlights the gap between policy design and actual outcomes. It questions whether the current federal and provincial systems can meet national climate targets. The critique is relevant to ongoing debates about carbon market reform and the role of pricing in decarbonization.