Pathways Alliance is part of a “grand bargain” whereby the federal government backs the construction of a new oil pipeline in exchange for the rollout of carbon capture. Photo by Jason Franson/The Canadian Press/Postmedia files

The cost of carbon credits in Alberta rose after the province agreed last week to eventually raise the carbon price.

Credits and offsets in Alberta’s carbon market, known as the TIER system , rose to about $24.50 per metric ton in a trade on Monday, versus less than $19 at the end of November, said Albert Ho, manager of the TIER business line at Carbon Assessors, a price tracker.

“The bid is above that now,” Ho said in an email. “Sellers are holding tight. I think the market has some life in it: more bullish than last week, that’s for sure.”

A memorandum

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