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Alberta lets industries avoid carbon fees by funding their own emission cuts, freezing its carbon price at $95.
Alberta is overhauling its industrial carbon tax program to let companies avoid emissions fees by investing in their own reduction projects, a move aimed at boosting economic growth while encouraging emissions cuts.
The change, set for fall implementation, gives firms eight years to make qualifying infrastructure investments, with smaller companies exempt from the system in 2025.
The province has frozen its carbon price at $95 per tonne, halting a planned increase to $110.
Critics warn the shift could lead to double-counting of credits and weaken carbon market integrity, potentially undermining climate goals.
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Alberta permite a las industrias evitar tarifas de carbono financiando sus propios recortes de emisiones, congelando su precio de carbono en $95.