Adding Tools To The Climate Action Toolbox: ECCC Releases Draft Regulations For Federal GHG Offset System

Under the Paris Agreement, Canada has pledged to reduce domestic GHG emissions by 30% below 2005 levels by 2030. In December 2020, the federal government published A Healthy Environment and a Healthy Economy (the Plan), a road map for Canada to achieve its 2030 target and net-zero GHG emissions by 2050. As part of the Plan, Environment and Climate Change Canada (ECCC) is developing a federal greenhouse gas (GHG) offset system under the Greenhouse Gas Pollution Pricing Act (GGPPA). On March 6, 2021, ECCC published the proposed Greenhouse Gas Offset Credit System Regulations (Canada) (the proposed Regulations) in Part of I of the Canada Gazette, Part I. The proposed Regulations are available for a 60-day comment period until May 5, 2021. The publication of final regulations is expected in fall 2021.