Federal Government Provides Additional Clarity On Federal GHG Offset Protocols In Development

Environment Canada and Climate Change ("ECCC") has published the list of project types associated with the Federal Offset Protocols (the "Protocols") that are currently in development. The Protocols will establish an approved approach for quantifying Greenhouse Gas ("GHG") emissions reductions for applicable offset projects.

Canadian Greenhouse Gas Pollution Pricing Act

The Greenhouse Gas Pollution Pricing Act (the "Act") was introduced in 2018 to establish the legal framework to help Canada achieve its GHG reduction targets and to stimulate investments in clean technologies. Part I of the Act imposes a regulatory charge for, among other things, the production, distribution and use of applicable fuels. Part II of the Act establishes an Output Based Pricing System ("OBPS") which is a mechanism that is intended to reduce Canada's carbon footprint by putting a price on GHG emissions for large industrial emitters.