.jpg)
1 hour ago
2
Article content
A rally in the price of Alberta’s carbon credits after the province promised to raise the industrial carbon tax and shore up its carbon trading system has faded.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Credits and offsets in Alberta’s carbon market, known as the TIER system, have fallen to US$30.60 after they rose to about US$40.47 a metric tonne in January, according to Logan Downing, chairman of Carbon Assessors, a price tracker.
Article content
Article content
Article content
The rally began in late November, when the price was around $17.46, after Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a deal that included a promise by Alberta to raise the industrial price of carbon to $130 a tonne from $95 currently and to shore up the TIER system.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Under the memorandum of understanding, Alberta and the federal government are set to negotiate a new carbon pricing arrangement by April 1. Tim Hodgson, Canada’s energy minister, recently signalled the two sides may not meet the deadline, but would continue to work on an agreement. “We’re working in good faith, we’re committed to this, we’re going to get this done,” he said.
Article content
Credits and offsets trade on the TIER market at a massive discount to the province’s carbon price, undermining the economics of a proposed plan for oil sands producers to build a $16.5 billion carbon-capture and sequestration network that would slash emissions.
Article content
Article content
Advertisement 1
English (US)