Regulating the carbon market: Canada’s federal carbon pricing regime

By P. Jason Kroft and Ghazal Hamedani (October 20, 2022, 8:54 AM EDT) -- In our previous article “Sustainable finance and carbon market: An overview,” we introduced sustainable finance and provided an overview on carbon financing. In this article, we will focus on the Canadian carbon compliance market set by carbon pricing rules at the Canadian federal level. We wish to highlight that the following applies to large industrial facilities emitting 50,000 tonnes or more of CO2e (carbon dioxide equivalent) annually, as well as facilities that have opted into the Output-Based Pricing System (OBPS) (to be defined and described below)....