CALGARY — Alberta has set out its competition-based plan to reduce carbon emissions from the province’s big industries, but it’s raising concerns from some about jobs and costs. The regulations will give companies credits if their facilities produce less than a benchmark amount of emissions, while those that exceed the threshold will have to buy offsets or pay $30 for every tonne of emissions over the limit. Alberta expects the new regulations to cut emissions by 20 million tonnes by 2020, and 50 million tonnes by 2030, equivalent to the emissions from about 11.5 million cars, said Phillips. “It looks like, by our calculations, about a five-fold increase in costs to our industry from the current carbon levy. “This whole policy was designed around the protection of jobs and ensuring companies remain competitive,” said Phillips.

Source: National Post December 06, 2017 18:40 UTC