Ottawa, Ontario – The Government of Canada has published details of the Turning the Corner regulatory framework on greenhouse gas (GHG) reduction, originally announced on April 26, 2007. The plan includes mandatory reductions for industry, along with additional new measures for oil sands and electricity, two of Canada’s key emitting sectors.
“Last April, this government made a commitment to Canadians to cut our greenhouse gas emissions an absolute 20 per cent by 2020,” said Environment Minister John Baird. “Today, we are announcing the details of those tough measures that will put us on a path to meet our commitments.”
In April, the government announced details of the plan, which included establishing a market price for carbon and setting up a carbon emissions trading market with carbon offset system, to provide incentives for Canadians to reduce their GHG emissions.
In addition, the new detailed regulations include setting a target that will effectively require oil sands starting operations in 2012 to implement carbon capture and storage, and effectively banning construction of new dirty coal plants, starting in 2012.
As announced last April, regulated industries will face mandatory reductions that require companies to reduce emissions 18 per cent by 2010 for every unit of production. The new details specify how the targets will apply to each industry sector, how the offsets and trading systems will work, and how credits will be provided to companies that took early actions to reduce their emissions.
Proposed GHG regulations are expected to be published in the Canada Gazette later this year, and the regulations finalized in 2009 to come into force as planned on January 1, 2010.