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ARTICLE · 05 NOVEMBER 2020

Alberta Carbon Offsets Can Be Used In Federal System

The federal government has announced that greenhouse gas emission offsets created under Alberta's Technology Innovation and Emissions Reduction Regulation may be used for compliance...

CanadaEnergy and Natural Resources

The federal government has announced that greenhouse gas emission offsets created under Alberta's Technology Innovation and Emissions Reduction Regulation may be used for compliance purposes under the federal Output-Based Pricing System created by the Greenhouse Gas Pollution Pricing Act.

Federal system acceptance of offsets created under the Alberta system may provide offset project developers in Alberta with a new market and greater liquidity for the green attributes from their projects, promote the development of new emission reduction projects in Alberta and possibly create arbitrage opportunities for owners of some types of Alberta offset credits. It is a welcome development, and an important step on the road to an efficient, national greenhouse gas (GHG) reduction system.

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