Canada prices carbon far below the damage it causes
Canada's recent agreement with Alberta over industrial carbon pricing highlights the tension between political convenience and climate responsibility. Critics argue that the deal undermines Canada's climate ambitions, while supporters believe it may lead to a more effective pricing system for Alberta's significant emissions. Despite the agreement, the federal government's estimates indicate that large emitters are still paying far less than the actual damage caused by carbon pollution.
- ▪Ottawa's agreement with Alberta slows the rise of industrial carbon prices, responding to political pressures.
- ▪Large emitters in Canada pay significantly less than the estimated damages caused by their carbon emissions.
- ▪The Canadian Climate Institute identifies industrial carbon pricing as crucial for achieving carbon neutrality by 2050.
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Open this photo in gallery:Prime Minister Mark Carney participates in a signing ceremony with Alberta Premier Danielle Smith in Calgary on May 15. Ottawa recently reached an agreement with Alberta over industrial carbon pricing.Jeff McIntosh/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountCanada’s climate policy increasingly resembles a tug-of-war between political convenience and planetary reality.Ottawa’s recent agreement with Alberta over industrial carbon pricing reveals this tension.In response to separation threats from Alberta’s government, Ottawa relented, slowing the pace at which industrial carbon prices rise for Alberta and, by extension, the rest of the country.
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