Eliminating industrial carbon pricing hurts competitiveness and Canadas climate progress

Rick Smith, President of the Canadian Climate Institute, asserts that industrial carbon pricing is Canada's most effective tool for emissions reductions, providing three times the impact of consumer carbon taxes without increasing consumer costs. He warns that eliminating these systems would create business uncertainty, jeopardize $5 billion in credit values in Alberta, and undermine exports to the UK and EU due to emerging carbon tariffs.

• Industrial carbon pricing is more effective at reducing emissions than consumer carbon taxes, contributing at least three times as many reductions without increasing costs for consumers.
• The removal of large-emitter trading systems would cause significant economic harm, specifically risking over $5 billion in credit values in Alberta and damaging exports to the EU and UK where carbon tariffs are being introduced.
• Industrial carbon pricing is critical for reaching Canada's 2030 climate goals, as other incentives like tax credits are insufficient on their own to drive down industrial pollution.

APA

Smith, R. (2025). Eliminating industrial carbon pricing hurts competitiveness and Canadas climate progress. Canadian Climate Institute. https://climateinstitute.ca/news/eliminating-industrial-carbon-pricing-competitiveness-canada-climate-progress/

Chicago

Smith, Rick. Eliminating industrial carbon pricing hurts competitiveness and Canadas climate progress. Canadian Climate Institute, 2025. https://climateinstitute.ca/news/eliminating-industrial-carbon-pricing-competitiveness-canada-climate-progress/.

Wikipedia

{{cite press release |last1=Smith |first1=Rick |title=Eliminating industrial carbon pricing hurts competitiveness and Canadas climate progress |publisher=Canadian Climate Institute |date=17 March 2025 |url=https://climateinstitute.ca/news/eliminating-industrial-carbon-pricing-competitiveness-canada-climate-progress/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{smith2025eliminating, author = {Smith, Rick}, title = {{Eliminating industrial carbon pricing hurts competitiveness and Canadas climate progress}}, publisher = {Canadian Climate Institute}, year = {2025}, month = mar, url = {https://climateinstitute.ca/news/eliminating-industrial-carbon-pricing-competitiveness-canada-climate-progress/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }