CAN believes that, if the Offset System for Greenhouse Gases is well designed, offset credits can be a good way to encourage domestic GHG emission reductions. However, CAN is deeply concerned that, as it currently stands, the federal government’s proposed offset system does not uphold the highest standards of environmental effectiveness and does not respect the founding principle of what constitutes an offset credit, as defined in the 2005 Plan.
Comments on Environment Canada's Offset System for Greenhouse Gases Overview Paper and Technical Background Document Prepared for the Climate Action Network Canada
Related Publications
Design Changes to the Investment Tax Credit for Carbon Capture, Utilization and Storage Submission to Department of Finance Canada
Pembina Institute submission to the Department of Finance Canada on the proposed design of its investment tax credit (ITC) for carbon capture, utilization and storage (CCUS) projects. Public investments in CCUS must be weighed against other opportunities to drive emissions reductions in Canada on a tonne (of carbon dioxide equivalent not emitted) per dollar invested basis. As such, we support the current level of the investment tax credit (ITC) for carbon capture, but not increasing it.
Green Budget Coalition Recommendations for Budget 2024
The Green Budget Coalition appreciated the major federal funding announcements for climate and nature in Budget 2023 and at the UN Convention on Biological Diversity COP15 in Montreal, and urges the government to continue to seize this opportunity to transform society to address the twin climate and biodiversity crises, create sustainable jobs and ensure enduring prosperity and well-being for all.