This paper examines how the NWT can take advantage of these opportunities and create a “made in the North” solution that implements carbon pricing fairly, ensures vulnerable Northerners are not unfairly impacted and leverages the new federal funding to further reduce greenhouse gas emissions.

The NWT has a short window of opportunity to create its own carbon pricing mechanism or the Federal Government will impose a system. This paper sets out the opportunities, challenges and questions for Northerners to think about and discuss as a carbon price becomes a reality in the NWT.