Prime Minister Carney has described the carbon market in Alberta as broken, signaling a need for systemic reform. He is currently in negotiations with Alberta Premier Smith to establish a Memorandum of Understanding (MOU) to resolve these pricing and policy disputes. This potential agreement comes amid discussions of a carbon price target of 130 dollars per tonne by 2040. The deal could provide the regulatory certainty needed to move forward with major energy infrastructure and emissions reduction projects in the province.
