OFA provides comments to Environment and Climate Change Canada’s (ECCC) draft Greenhouse Gas Offset Credit System Regulations. OFA supports 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. As noted in the press release, OFA supports the goal to create a market-based approach that will spur innovation and private-sector investment in economic activities that lead to further emission reductions. OFA believes there has been a significant missed opportunity to provide our farmers with options to earn revenues from greenhouse-reductions and removals and find much-needed relief from the added costs to farming associated with a regulated price on fossil fuels. OFA strongly recommends that ECCC consider revising the eligibility criteria removing start dates from the regulation. In the interest of creating the largest possible market for Canadian offset credits, OFA urges the government to work towards implementing FPT agreements to ensure that credits generated in provinces not regulated by the Output-Based Pricing System (OBPS) can be marketed nationally. The agricultural community has the potential to be an important contributor to addressing climate change, however in order to do so, the offsets system needs to accommodate a flexible design that enables broad participation from our members.
Submissions & Correspondence
OFA letter to Environment and Climate Change Canada regarding the draft Greenhouse Gas Offset Credit System Regulations
Updated: April 26, 2021