Former central banker and current Prime Minister Mark Carney has significantly altered Canada's approach to decarbonization. Key changes include the abolition of the consumer carbon price, the repeal of the electric vehicle mandate, and a revised energy agreement with Alberta that allows for new natural gas usage. Analysis suggests these policy reversals may lead Canada to overshoot its 2030 Paris Agreement targets by 36 percent. The shift has created a political divide, moving away from the strict mandates of the Trudeau era toward a model with lower industrial carbon pricing and relaxed electrification standards.
