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ARTICLE · 19 NOVEMBER 2008

Canadian Emissions Trading Schemes: Thought For Investors

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Canada is due to launch an emission intensity-based emissions trading scheme on 1 January 2010, a scheme that permits access to offsets produced in Canada and/or, on a limited basis, of non-forestry CDM CERS.

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By Gray E. Taylor, Chair, Climate Change & Emissions Trading Group and Corporate Law Partner, Bennett Jones LLP1

This is a chapter extracted from one of Thomson Reuters Marketing Intelligence Report's: Managing Risk in Global Carbon Markets. For more information or to read the full report, please visit www.ifrmarketintelligence.com.

Overview

Canada is due to launch an emission intensity-based emissions trading scheme on 1 January 2010, a scheme that permits access to offsets produced in Canada and/or, on a limited basis, of non-forestry CDM CERS. Risks include the prospect of a US cap-and-trade scheme, likely to be enacted under the first term of the next US president, overtaking and possibly replacing the proposed Canadian scheme, as well as new interest in carbon taxes in the opposition Liberal party. Other planned schemes include an initiative partly implemented in British Columbia and membership in and support for the California-centred WCI from most large

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