Back in 2007, Alberta, one of Canada's 13 provinces, instituted legislation to regulate greenhouse gas emissions from large emitters, so those whose greenhouse gas emissions exceeded 100,000 metric tons per year. Part of that legislation included an option for those emitters to pay for emissions reductions in other segments of the economy, including agriculture. The conditions were ripe for a carbon market.
Sarah Sellars, a PhD student at the University of Illinois at Urbana Champaign, breaks down the lessons we can learn from Alberta’s carbon market. The podcast provided by Decode 6 discusses:
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