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ARTICLE · 23 NOVEMBER 2016

Cap & Trade: Offset Credits Regulatory Proposal

Aird & Berlis LLP
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The Ministry of the Environment and Climate Change posted the "Offsets Credits Regulatory Proposal" ("Proposal") on November 16, 2016 on the Environmental Registry for a forty-five day comment period.

CanadaEnvironment
Dennis O'Leary
Dennis O'Leary
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The Ministry of the Environment and Climate Change (MOECC) posted the "Offsets Credits Regulatory Proposal" ("Proposal") on November 16, 2016 on the Environmental Registry for a forty-five day comment period. This Proposal provides a summary of the key administrative requirements associated with the registration, reporting, verification and the ultimate acceptance and issuance of offset credits which can then be used by Cap & Trade market participants as an additional compliance option.

The Proposal indicates the MOECC's intention to create an Offsets Initiative Registry which will provide a public electronic forum for the registration of offset participants and offset initiatives. The necessary documentation to support offset initiatives, including data and verification reports, will be submitted through the registry. To facilitate transparency, the registry will provide public access to all documents submitted.

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