Opinion: Provinces and territories will need to step up, or risk jeopardizing climate progress, undermining their own competitiveness, and missing opportunities to make energy affordable. Here are five things they can do to get back in the race.
Pan-Canadian carbon pricing is a powerful driver of low-carbon investment, and is becoming critical for competitiveness, providing the policy certainty investors need.
Alberta, for example, has just committed to steadily increasing its benchmark price of carbon for big emitters to $170 per tonne by 2030, matching the federal government — a smart move that gives industry a clear planning horizon. The result will be more dollars flowing into low-carbon projects. Other provinces should follow Alberta’s lead. Provinces should also adjust industrial carbon pricing systems toFrom B.C.
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