Ottawa’s clean electricity regulations in Alberta are set to be suspended following a memorandum of understanding signed by Prime Minister Mark Carney and Premier Danielle Smith. While the federal government has not clarified how it will meet climate goals, carbon pricing is anticipated to play a significant role, with Alberta committing to a net-zero power grid by 2050. Critics, including the Pembina Institute, question whether emissions can be reduced without regulations, emphasizing the need for additional measures alongside carbon pricing. The agreement mandates Alberta to negotiate a carbon credit price increase by April 1, yet concerns remain about achieving sufficient emission reductions.
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