In this submission, the Pembina Institute and the David Suzuki Foundation are pleased to share our views on Environment and Climate Change Canada’s recently released regulatory framework for the output-based pricing system.
The Pembina Institute and the David Suzuki Foundation applaud the Canadian government’s determination to move forward on carbon pricing and its flexible, yet consistent approach to doing so. We also support the hybrid design of the backstop instrument which applies a carbon levy and an output-based pricing system (OBPS) to ensure emissions-intensive and trade-exposed (EITE) industries reduce emissions while limiting the risks of carbon leakage.
