· 2 min read
illuminem summarises for you the essential news of the day. Read the full piece on Financial Post or enjoy below:
🗞️ Driving the news: The Alberta government has announced an indefinite freeze on its industrial carbon price, capping it at CAD $95 per tonne, halting a planned increase to CAD $170 by 2030
• Premier Danielle Smith justified the move as necessary to preserve industrial competitiveness and jobs, particularly amid escalating trade tensions with the United States
🔭 The context: Alberta’s carbon pricing framework applies to major industrial sectors such as oil and gas, power generation, and manufacturing
• The freeze diverges from Canada’s federal carbon pricing trajectory, which mandates a steady annual increase
• This sets the stage for potential legal and political conflict between Alberta and Ottawa over climate policy jurisdiction
🌍 Why it matters for the planet: Carbon pricing is a key tool in Canada’s national climate plan
• Freezing the price may undermine emissions reduction targets and weaken the “polluter pays” principle, especially in one of the country’s most carbon-intensive provinces
• The move could also affect investor confidence in the stability of Canada’s climate policy framework and hinder progress toward a net-zero energy sector
⏭️ What's next: Tensions are likely to rise between Alberta and the federal government, which may seek to enforce national minimum pricing standards
• Legal challenges could follow, echoing earlier disputes over carbon pricing constitutionality
• The freeze also places added pressure on Canada’s international credibility ahead of COP30 climate negotiations in 2025
💬 One quote: “Going over $100 a tonne would make the province wildly uncompetitive,” — Alberta Environment Minister Rebecca Schulz, defending the freeze as economically essential
📈 One stat: The carbon price in Alberta was set to rise to CAD $170/tonne by 2030 — an increase now indefinitely shelved
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