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Alberta TIER

Alberta TIER

Alberta TIER

The TIER market was instituted in response to the Canadian Federal regulation mandating a minimum provincial pricing on carbon. It is a facility-level output based system which includes offsets, recognition for removals, and regulatory fund credits. The province’s major oil and gas sector is the heart of the market, as such potential widespread application of CCUS to these facilities could accelerate global roll-out through learning-by-doing and technological gains.

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cCarbon has mapped both the demand as well as supply of SAF to size the market. The research indicates that global SAF consumption in 2022 (as per offtake agreements) stood at 494 million litres.

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