Today, the federal government announced that it has accepted
Alberta’s new Technology Innovation and Emissions Reduction
("TIER") Regulation as being compliant
with the 2020 federal benchmark for carbon pricing systems. This
means Alberta will be regulated by the provincial TIER program,
rather than the federal program, for 2020. However, the TIER
program will be subject to annual reviews to ensure it meets the
rising federal benchmark ($40 per tonne in 2021 and $50 per tonne
in 2022).
The federal program allows provinces and territories to develop
their own carbon pricing systems. If these proposed systems meet
the federal benchmark, as Alberta’s does, then the provincial
system applies; otherwise, the federal program applies.
