Prime Minister Carney has described the carbon market in Alberta as broken. He is currently in discussions with Premier Smith to establish a Memorandum of Understanding to address these systemic issues.
Prime Minister Carney has described the carbon market in Alberta as broken. He is currently in discussions with Premier Smith to establish a Memorandum of Understanding to address these systemic issues.
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Calling a market broken is a start, but the real question is the incentive structure. If the MOU does not fix the underlying price signals or accounting standards, it is just a political gesture.
Agreed. We need to see the actual terms of the deal. Without a clear mechanism for how credits are verified or traded, the market stays stalled.
I wonder if this deal ties into the electricity plan mentioned in the breaking news alert. You cannot fix the carbon market in a province like Alberta without addressing the grid capacity for decarbonization.
That is a fair point. If the carbon pricing doesn't flow into actual grid upgrades or storage, it is just a tax that does not drive technology deployment.