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ARTICLE · 26 MAY 2026

Future Of Canada’s Carbon Markets Anchored By Canada-Alberta MOU Implementation Agreement

On May 15, 2026, the Prime Minister of Canada and the Premier of Alberta announced an agreement to implement the Canada-Alberta Memorandum of Understanding (MOU) announced in November 2025. This implementation agreement (Agreement) is the latest announcement on intergovernmental cooperation and formalizes the draft cooperation agreement announced in April and discussed in our March 25, 2026 Update: “Canada and Alberta sign draft cooperation agreement on impact assessment after historic MOU”.

CanadaEnergy and Natural Resources

Key Takeaways

  • On May 15, 2026, Canada and Alberta announced an agreement to implement the Canada-Alberta Memorandum of Understanding aimed at intergovernmental cooperation.
  • The agreement clarifies the carbon pricing framework, increasing compliance prices for businesses to support a net-zero economy by 2050.
  • It introduces a compliance policy price, a price floor for carbon credits, and new stringency rates for various sectors.

On May 15, 2026, the Prime Minister of Canada and the Premier of Alberta announced an agreement to implement the Canada-Alberta Memorandum of Understanding  (MOU) announced in November 2025. This implementation agreement (Agreement) is the latest announcement on intergovernmental cooperation and formalizes the draft cooperation agreement announced in April and discussed in our  March 25, 2026 Update: “Canada and Alberta sign draft cooperation agreement on impact assessment after historic MOU”.

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