A credit-granting mechanism known as the Offset System lies at the heart of Canada’s plan to honour its Kyoto Protocol commitment, released by the Government in April 2005. The additionality of projects receiving offset credits is the most important consideration for the effectiveness and credibility of the Offset System.
Ensuring Canada's Kyoto Plan Delivers Real Emissions ReductionsThe Need for Additionality Rules in the Offset System
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.