Canada’s offset system for greenhouse gases

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Information about the Federal Government’s proposed Offset System for Greenhouse Gases can be found here. The draft rules and guidance documents were released this week for review by interested parties who have 60 days to give their comments. It’s expected that documents will be finalized in the fall, followed by the launch of the Offset System soon thereafter.

Though there have been concerns that the proposed federal system would supplant the one already in place in Alberta, it appears that those fears have been assuaged — for now. Of course Canada can’t get too far ahead of itself as it must ensure that its system is eventually aligned with the system to be put in place in the U.S.