Canada’s industrial carbon pricing system is a mess. Here’s how Carney can fix it

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All provincial systems are supposed to be reviewed next year, but there will be indications before then of how determined Prime Minister Mark Carney is to improve them.

An inherited policy likely to be at the heart of Prime Minister Mark Carney’s new “climate competitiveness” strategy is in a state of severe disrepair.

And whether his government proves able to fix it, starting this fall, will go a long way toward establishing not only Mr. Carney’s environmental credibility, but the viability of his intended grand bargain with the country’s fossil-fuel industry and the provinces that are home to it.

Canada’s carbon pricing system for heavy industrial emitters is projected by the Canadian Climate Institute to be by far the most impactful national policy for decreasing greenh