Canada's industrial carbon pricing system just went through its biggest redesign since it launched, trading ambition for stability. Depending on who you ask, the deal is either a major unlock - or a major step backwards.
We sat down with Etienne Rainville, VP for Central Canada at Clean Prosperity, a Canadian think tank that's been one of the most consistent voices for market-based climate policy. He's been making the case for carbon contracts for difference and was actively engaged as the Ottawa-Alberta negotiations unfolded.
We unpack what the certainty-price trade-off really means, how it impacts investment decisions - and where climate policy goes from here.
Listen on Apple Podcasts, Spotify, YouTube or wherever you get your podcasts!
TALKING POINTS
Why the industrial carbon market was broken - and what the gap between the $95 headline price and $30 trading price actually means
What changed: the new headline price schedule, the price floor, and how carbon contracts for difference work
Why the floor alone isn't enough - and what CCfDs do that regulation can't
What this means for founders and investors evaluating capital commitments
Whether renegotiating the system undermines its long-term credibility
How this deal impacts provinces beyond Alberta
And where we go from here
RESOURCES
Find Etienne on LinkedIn