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Ottawa approves Alberta and BC programmes to supply offsets under large emitter regulation

Written by ClearBlue Markets | Sep 3, 2020 7:16:00 PM

"The Canadian government on Tuesday recognised Alberta and British Columbia’s offset programmes to source carbon credits under the federal ‘backstop’ output-based pricing system (OPBS), though not all protocols from the provincial systems were immediately approved.

"Toronto-based analysts ClearBlue Markets estimated that the Canadian OBPS would be under-supplied by 7.33 million tonnes of CO2e in 2019 – a figure well above the current recognised unit supply from the provincial protocols."

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