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ARTICLE · 14 JULY 2022

Federal Government Publishes Final Regulations Aimed At Reducing GHG Emissions

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The federal Canadian Greenhouse Gas Offset Credit System Regulations (OCSR) and the Clean Fuel Regulations (CFR), under the Greenhouse Gas Pollution Pricing Act and ...

CanadaEnergy and Natural Resources
Shawn Munro
Shawn Munro
Serge Dupont
Serge Dupont
Dylan Gallant
Dylan Gallant
Victoria Tulk
Victoria Tulk
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The federal Canadian Greenhouse Gas Offset Credit System Regulations (OCSR) and the Clean Fuel Regulations (CFR), under the Greenhouse Gas Pollution Pricing Act and Canadian Environmental Protection Act, 1999, respectively, have recently come into force.

Both the OCSR and the CFR represent important legislative components which underpin Canada's greenhouse gas (GHG) emission reduction aspirations, as set forth in Canada's 2030 Emissions Reduction Plan.

Canadian Greenhouse Gas Offset Credit System Regulations (OCSR)

The cornerstone of the federal government's climate change legislation is the Greenhouse Gas Pollution Pricing Act (the GGPPA or Federal Backstop). The Federal Backstop, in effect since January 1, 2019, is the key piece of legislation whereby a national price on carbon is established. Currently, that price is set at $50/tonne of CO2e for 2022. The federal government has announced its intention to further increase this price past 2022 in $15

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