Canada moves to annually tighten OBPS benchmarks, installs escalated CO2 price trajectory

Published 23:45 on October 28, 2022  /  Last updated at 23:45 on October 28, 2022  /  Americas, Canada, Carbon Taxes  /  No Comments

The Canadian environment ministry put forth plans to annually increase the stringency of industrial facilities’ performance standards under the ‘backstop’ output-based pricing system (OBPS) this week, and also updated the programme’s excess emissions charge schedule in line with the post-2022 carbon pricing benchmark.

The Canadian environment ministry put forth plans to annually increase the stringency of industrial facilities’ performance standards under the ‘backstop’ output-based pricing system (OBPS) this week, and also updated the programme’s excess emissions charge schedule in line with the post-2022 carbon pricing benchmark.

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