Canada´s Credit For Early Action Program – First Deadline Approaching

On June 28, 2008 a Notice was published in the Canada Gazette regarding the Credit for Early Action (CEA) Program. Credits received from the CEA Program may be used by a facility to meet all or part of its reduction target under the Canadian government's proposed regulatory framework for greenhouse gas (GHG) emissions. To be considered for the CEA Program, a "Notice of Interest" must be submitted by July 28, 2008.

In April 2007, the Canadian government first introduced its proposed regulatory framework for industrial greenhouse gas emissions. Further details on the framework were released in March 2008. The proposed framework has not yet been enacted into law, but the Canadian government is expected to publish draft regulations this fall. Under the proposed framework, facilities in targeted sectors will be required to reduce their emissions intensity by 18% from 2006 base levels in 2010, and by a