Americas > Canada tightens OBPS standards, estimates net benefits of $467 million through 2032

Canada tightens OBPS standards, estimates net benefits of $467 million through 2032

Published 22:08 on November 23, 2023  /  Last updated at 22:32 on September 19, 2024  / /  Americas, Canada

Canada's federal government amended its ‘backstop’ output-based pricing system (OBPS) Wednesday to increase the stringency of covered entities’ GHG emissions per unit of output, now set to decline at a fixed tightening rate with no end date, resulting in estimated net benefits that offset the costs to Canadian household welfare.
Canada's federal government amended its ‘backstop’ output-based pricing system (OBPS) Wednesday to increase the stringency of covered entities’ GHG emissions per unit of output, now set to decline at a fixed tightening rate with no end date, resulting in estimated net benefits that offset the costs to Canadian household welfare.


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