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Share this article Share this article GATINEAU, QC, March 5, 2021 /CNW/ - The Minister of Environment and Climate Change, the Honourable Jonathan Wilkinson, today announced draft regulations to establish the Federal Greenhouse Gas Offset System to reduce carbon emissions and create jobs. The Federal Greenhouse Gas Offset System is a market-based approach that will spur innovation and private-sector investment in economic activities that lead to further emissions reductions. It will also help Canadian industry remain competitive. Federal Greenhouse Gas Offset System – Proposed Regulations (CNW Group/Environment and Climate Change Canada) The system will support a domestic carbon trading market under Canada s carbon price for industry – the Output-Based Pricing System (OBPS) – under which regulated facilities who exceed their emission limits can provide compensation by purchasing federal offset credits – an additional lower-cost option – generated from activities not alr

Moira kellyMarie claude bibeauJonathan wilkinsonOutput based pricing systemFederal greenhouse gas offset systemLandfill methane management protocolOutput based pricingFederal greenhouse gasOffset systemHonourable jonathan wilkinsonHonourable marie claude bibeauClimate changePress secretaryMedia relationsClimate change canadaEnvironment and climate change canada