OFA is pleased to provide comments on Environment and Climate Change Canada’s (ECCC) discussion paper, Carbon Pollution Pricing: Options for a Federal GHG Offset System.
OFA is pleased that the federal government is moving forward with the development of an offsets system as a compliance option for industries covered by the Output-Based Pricing System (OBPS). An emissions pricing system which includes the use of carbon offset credits will provide regulated facilities with flexibility in meeting compliance with greenhouse gas (GHG) regulations while allowing non-regulated sectors to pursue opportunities to reduce their emissions. OFA is confident that offset credits can provide a necessary bridge for industry to make a cost-effective transition to cleaner activities while incenting other unregulated industries to develop through carbon revenues.