Ottawa-Alberta deal is the best outcome climate advocates could have hoped for
The recent carbon pricing agreement between Alberta and Ottawa has received mixed reactions from climate advocates. While the deal is less ambitious than hoped, it provides a framework for future investment in decarbonization. If both governments adhere to their commitments, this agreement could lead to significant long-term climate benefits.
- ▪The carbon price in Alberta will rise to $140 per tonne by 2040, instead of the previously anticipated $170 by 2030.
- ▪The deal aims to provide certainty for investors, which has been lacking in Alberta's climate policy for over a decade.
- ▪Joint carbon contracts for difference have been established to ensure both governments uphold their commitments to carbon pricing.
Opening excerpt (first ~120 words) tap to expand
Open this photo in gallery:Prime Minister Mark Carney and Alberta Premier Danielle Smith shake hands in Calgary last Friday.Todd Korol/ReutersShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountMichael Bernstein is president and chief executive of Clean Prosperity.The carbon pricing deal between Alberta and Ottawa turned out to be more modest in its climate ambition than many climate advocates had hoped – including me.I still think Canadians should encourage the two governments to build on their agreement from last week in a way that will make it endure. Because if both sides stick to their commitments, this deal could still be a significant win for climate over the long term.Let’s start with why climate advocates are disappointed.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
Discussion
0 commentsMore from The Globe and Mail
