Credits and offsets trade on the TIER market at a massive discount to the province’s carbon price

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 of understanding signed Nov. 27 between Prime Minister Mark Carney and Alberta Premier Danielle Smith included a promise by Alberta

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