Carbon finance series: Canada’s voluntary carbon market (VCM)We are back with the next installment in our carbon finance series. In our last article, we discussed the key carbon pricing regimes across Canadian provinces. This article will provide an overview of some salient aspects of the voluntary carbon... |
Provincial carbon regimes: Mixed bag to fight climate changeThe Lawyers Daily Jason Kroft and Ghazal Hamedani co-author an article in The Lawyer’s Daily that provides a high-level summary of key provincial carbon regimes. The goal of this article and the previous article on the federal carbon laws is to establish as... |
Ontario’s transition to Emissions Performance Standards (EPS) Program – December 15th pricing deadline fast approachingOntario’s Emissions Performance Standards (“EPS“) program began replacing the federal Output-Based Pricing System (“OBPS“) for greenhouse gas (“GHG“) emissions regulation on January 1, 2022. On October 22, 2021, Ontario amended two regulations under the Ontario Environmental Protection Act (“EPA“) in... |
Regulating the carbon market: Canada’s federal carbon pricing regimeThe Lawyer’s Daily Jason Kroft and Ghazal Hamedani co-author an article in The Lawyer’s Daily that discusses Canada’s federal carbon pricing regime. In our previous article “Sustainable finance and carbon market: An overview,” we introduced sustainable finance and provided an overview on carbon... |
Is carbon capture a game changer for Canada’s climate change strategy: A practical primer for businessIntroduction In 2020, Canada produced over half a billion tonnes of carbon dioxide (CO2) emissions from fossil fuels and industrial operations. The next year, the Canadian legislature passed the Canadian Net-Zero Emissions Accountability Act, which legally enshrined Canada’s commitment to... |
Overview: OSFI’s draft guideline B-15 on climate risk managementOn May 26, 2022, following consultation with key industry stakeholders, the Office of the Superintendent of Financial Institutions (“OSFI”) issued draft Guideline B-15: Climate Risk Management (the “Draft Guideline”).[1] The Draft Guideline represents OSFI’s response to the risks posed by... |
Sustainable finance and carbon market: An overview on carbon financingIt is difficult currently to open the daily newspaper or scroll through social media channels without seeing the words emissions trading, carbon finance, cap and trade and the carbon markets referenced within those pages. In this short introductory piece, we... |
