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How to fix Alberta’s broken carbon market
The author contends that Alberta's TIER carbon market is currently broken, with credit prices hovering below $20 a tonne despite a headline price of $95. To align with the Alberta-Canada Memorandum of Understanding (MOU) goal of a $130 per tonne minimum price by 2030, the document proposes reducing the 48 million surplus credits through a revenue-recycling procurement fund and tightening performance standards to limit the supply of new credits and offsets.
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This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Statement
Réparer le marché du carbone en Alberta
The document analyzes the failure of Alberta's TIER system, where carbon prices remain below $20 per tonne despite a $95 reference price, due to an excess of 48 million credits. It proposes a memorandum of understanding between Canada and Alberta to target a $130 per tonne price by 2030, suggesting the creation of a procurement fund to retire at least 10 million tonnes of excess credits by 2030 and the tightening of performance standards to reduce future credit supply.
AI-generated
This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Statement