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Mark Carney expresses support for Alberta plan on climate, economy

Bank of England Governor Mark Carney speaks to reporters along with Premier Rachel Notley in Edmonton on June 6, 2016.
Bank of England Governor Mark Carney speaks to reporters along with Premier Rachel Notley in Edmonton on June 6, 2016. Global News

EDMONTON – The former governor of the Bank of Canada says Alberta is on the right track by tying its energy policy to its environmental plan.

Mark Carney says the two need to go hand in hand as the global economy adapts to carbon reduction measures.

“The two work together in reinforcing fashion in a way that uses the market to achieve results,” Carney told reporters at the legislature Monday.

Carney is the governor of the Bank of England and the chairman of the Financial Stability Board, which is an international body tasked with monitoring and making recommendations on global economic policy.

He was in Edmonton to accept an honourary degree from the University of Alberta, and also met with Premier Rachel Notley.

Notley expects to pass this week the first components of a climate change strategy.

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READ MORE: Alberta brings in carbon levy legislation, estimates higher cost to families

Alberta is implementing a broad-based carbon tax and will also cap oilsands emissions and phase out coal-fired electricity.