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ARTICLE · 22 JUNE 2022

Canada's Greenhouse Gas Offset Credit Regulations: Now In Force

Blake, Cassels & Graydon LLP
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On June 8, 2022, Canada released its final Greenhouse Gas Offset Credit System Regulations (Regulations). The Regulations provide a roadmap as to how greenhouse gas (GHG) ...

CanadaEnvironment
Dufferin Harper
Dufferin Harper
Nicole Bakker
Nicole Bakker
Scott Birse
Scott Birse
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On June 8, 2022, Canada released its final Greenhouse Gas Offset Credit System Regulations (Regulations). The Regulations provide a roadmap as to how greenhouse gas (GHG) emission offset credits generated by acceptable projects can be used by facilities to meet GHG emission reduction requirements under the output-based pricing system (OBPS) aspect of Canada's Greenhouse Gas Pollution Pricing Act (GGPPA). For a discussion regarding the mechanics of the GGPPA, including carbon pricing under the OBPS, see our December 2018 Blakes Bulletin: Federal Carbon Pricing System Coming Into Force January 2019: How Will it Impact Your Business? Although many aspects of the Regulations are similar to the draft regulation issued in March of 2021 (see our March 2021 Blakes Bulletin: Canada Issues Proposed Federal Greenhouse Gas (GHG) Offset Regulations), there are also some important distinctions, several of which are discussed herein.

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