The Canadian province of Alberta has announced that it had settled a lawsuit over power purchasing agreements (PPAs) with electricity companies TransAlta, ATCO and Capital Power and that the companies will receive C$97m/year in transition payments until 2030, to compensate them for shutting down their coal-fired power plants by 2030. Payments will total C$1.1bn in 2016 dollars (US$820m). Payments will be funded by carbon emissions payments by industrial emitters. Alberta has 18 coal-fired power plants, including six which expected to continue operations beyond 2030. Newer units may be converted to gas-fired CHP plants.
In addition, the Ministry of Environment of Canada has announced that it would require reduced carbon footprints for all fuels, in order to cut greenhouse gas (GHG) emissions by 30 Mt by 2030. The "Clean Fuel Standard" is aimed at reducing fuel's CO2 intensity. Consultations will be held to determine precise steps. The government will focus on reducing energy-related emissions, without mandating specific changes to fuels.
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