The government said that by 2040, the carbon price paid by the market will be $130 per tonne. However, the floor price, which is the fee enforced by the government, will be set at only $110 per tonne for 2040. … Alberta will start regulating a floor price in 2030, at $60 per tonne … when Mr. Trudeau was prime minister, it was much stricter, at $170 per tonne by 2030.
So a two thirds discount on the 2030 number. I’m betting that’ll be further watered down in the next few years.
They’re even scaling back the carbon capture plan:
The original aim of Pathways was to reduce emissions by 22 megatonnes per year. Friday’s agreement scales that down to 16 megatonnes per year. And it sets the in-service date at 2035, rather than the previously stated 2030.
The Globe gets deeper into the numbers:
So a two thirds discount on the 2030 number. I’m betting that’ll be further watered down in the next few years.
They’re even scaling back the carbon capture plan:
In context: annual heating due to climate change is accelerating, as is sea level rise