On March 5, 2021, the Federal Government published draft
regulations governing the federal Greenhouse Gas ("GHG")
offset system (the "Draft Regulations"). The Draft
Regulations propose a regulatory framework to govern the
operational elements of the federal GHG Offset System. Stakeholders
may provide written comments on the Draft Regulations until May 5,
2021.
Background
In an earlier post, we discussed the Federal
Government's recently published list of project types
associated with Federal Offset Protocols (the
"Protocols") that are currently in development. The
Protocols will, among other things, establish an approved approach
for quantifying GHG emission reductions for applicable offset
projects.
