The province is seeking to reduce its dependency on natural gas, which is its primary source of power generation.
Understanding its nuances and strategizing effectively will be key to success.
This move is not about weakening climate commitments, but rather about strategically reshaping them.
On May 27, 2025, His Majesty King Charles III delivered the Speech from the Throne, officially opening the 45th Parliament of Canada.
Alberta Premier Danielle Smith announced on 12 May 2025 that the province will freeze its industrial carbon price at CAD 95 per tonne, effective immediately.
A key focus under the new Liberal government is expected to be strengthening industrial carbon pricing and harmonizing carbon markets across the provinces.
For the VCM, the outlook is cautiously optimistic.
Carney’s win marks a shift toward economic security and climate-driven industrial strategy, promising to move past political division.
Our experts summarize the themes shaping Canada’s climate policy, setting the stage for a decisive election for the country’s climate future.