Alberta’s carbon emitting industries can start trading for carbon credits today, even though there’s no registry established yet to register the trades and no finalized protocols for them, says Alberta Environment.
Many companies are expecting to pay into a new Climate Change and Emissions Management Fund at the rate of $15 for every a tonne they exceed the carbon cap.
Alberta Environment expects most companies will pay into the fund initially because they won’t be able to produce sufficient reductions in the first six-month period of the climate-change law.
The penalty payments could amount to $177 million if they all pay the maximum, based on their latest emission and production levels.
From the Edmonton Journal