Canada: Climate Change

Canada's carbon markets are undergoing significant transformation as federal and provincial governments reshape their climate policies. The federal consumer carbon tax has been eliminated while industrial carbon pricing remains in effect, and provinces like Québec and Alberta have introduced major regulatory reforms to their cap-and-trade and emissions reduction systems.

Ontario has launched its first call for expressions of interest in carbon capture and storage licences under the new Geologic Carbon Storage Act, targeting Crown-owned pore space beneath lakebeds surrounding the Ontario Peninsula. The detailed submission requirements reveal expectations that proponents have advanced well beyond initial planning stages, with the process serving as a critical test of Ontario's emerging CCS framework and its attractiveness to industry.

Although there is debate about whether the world is suffering from climate change, according to a 2024 United Nations survey, 80 percent of people worldwide want their country to do more about it. Based on measurements of the world’s glaciers, there is certainly scientific evidence that they have receded each year for the past 37 years and that they are melting faster than ever.

On May 20, 2026, Québec released a draft regulation amending its Regulation respecting a cap-and-trade system for greenhouse gas emission allowances.

Canada and Alberta have jointly announced an Implementation Agreement that reinforces the Technology Innovation and Emissions Reduction Regulation (TIER) framework as the cornerstone for achieving net-zero greenhouse gas emissions by 2050.

Canada and Alberta have reached a landmark implementation agreement that commits Ottawa to fast-tracking regulatory approval for a new oil pipeline to British Columbia's west coast while Alberta agrees to enhanced industrial carbon pricing measures and support for the Pathways carbon capture project.

Le 19 décembre 2025, Environnement et Changement climatique Canada (« ECCC ») a annoncé des modifications prévues aux exigences en matière de déclaration...

L'information sur les changements climatiques demeure un point central des marchés financiers canadiens, façonné par les attentes des investisseurs et les tendances réglementaires...

On December 19, 2025, Environment and Climate Change Canada (ECCC) announced planned changes to reporting requirements for the Federal Plastics Registry (FPR).