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About carbon pricing in Canada
Canada employs a dual carbon pricing approach consisting of a consumer carbon price and an industrial carbon price for large emitters. To prevent carbon leakage and protect trade-exposed industries, Canada utilizes large-emitter trading systems (LETS), which primarily take the form of intensity-based systems or cap-and-trade. There are nine LETS across the country, including the federal output-based pricing system (OBPS) and Alberta's Technology Innovation and Emissions Reduction (TIER) Regulation, the latter being the largest due to Alberta's share of industrial emissions. Quebec operates the only cap-and-trade system in Canada, which is integrated with the Western Climate Initiative. The Northwest Territories uses a unique fuel levy with rebates rather than a trading system.
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Document type: Fact sheet
CONSERVATION RESERVE PROGRAM (CRP) Program Description
The Conservation Reserve Program (CRP) is a USDA initiative that pays agricultural producers to remove environmentally sensitive land from production to improve water quality, prevent soil erosion, and reduce wildlife habitat loss. The program includes various initiatives such as the Conservation Reserve Enhancement Program (CREP) and the Farmable Wetland Program, with specific acreage caps ranging from 24 million to 27 million acres between 2019 and 2023. In 2021, the USDA highlighted the program's climate impact, estimating a reduction of 12 million metric tons of CO2e per year, and introduced incentives to further increase enrollment and mitigation potential.
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Document type: Fact sheet
AGRICULTURAL CONSERVATION EASEMENT PROGRAM (ACEP) Program Description
The Agricultural Conservation Easement Program (ACEP), established by the 2014 Farm Bill, provides long-term conservation easements to protect and restore wetlands and agricultural lands. The program is funded through the 2018 Farm Bill and the Inflation Reduction Act, with a focus on absorbing greenhouse gases and building climate resilience. It operates through two primary mechanisms: agricultural land easements, which protect working farms and ranches via cost-sharing with eligible entities, and wetland reserve easements, which provide direct assistance to landowners for wetland restoration and protection.
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Document type: Briefing
PUBLIC FAST-Infra Platform FAQ
The FAST-Infra initiative aims to close the sustainable infrastructure investment gap by transforming these assets into a mainstream, liquid asset class. A central component is the FAST-Infra Technology Platform, which seeks to digitize and standardize the 'artisanal process' of project development and finance. The platform intends to reduce project development time by 50%, simplify due diligence, and facilitate investor matching and loan securitization. Developed by a consortium including IBM, HSBC, and Standard Chartered, the initiative has produced a clickable prototype and plans to establish a legal vehicle for its consortium in 2022.
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Document type: Fact sheet
EL GCF EN RESUMEN: PROCESO DE APROBACIÓN SIMPLIFICADO (SAP)
The Green Climate Fund (GCF) established the Simplified Approval Process (SAP) to streamline the preparation, review, and approval of small-scale climate projects. To be eligible, projects must request up to 25 million USD and have negligible or null environmental and social risks. The process reduces documentation requirements and accelerates post-approval stages, with a goal that Direct Access Entities constitute at least 50% of the SAP portfolio.
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Document type: Fact sheet
PowerUp Platform: Aligning Skills for a Sustainable Future
The PowerUp Platform is a digital hub created to bridge the gap between industry requirements and the training provided by post-school education and training (PSET) institutions in South Africa's renewable energy sector. It aims to facilitate collaboration between industry leaders, PSET institutions, SETAs, and social compact partners to ensure the availability of skills necessary for industrialisation and a just transition. The platform focuses on six core objectives: communication, awareness, identifying competency gaps, funding facilitation, workplace training, and creating linkages for youth and transitioning workers. Unlike a static job portal, PowerUp is an active facilitation tool that uses matchmaking, workshops, and brokerage to drive tangible skills outcomes.
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Document type: Fact sheet
Bottom Line on Regional Cap-and-Trade Programs
The document outlines three regional cap-and-trade initiatives in North America: the Regional Greenhouse Gas Initiative (RGGI), the Western Climate Initiative (WCI), and the Midwestern Greenhouse Gas Reduction Accord. These programs involve 23 U.S. states and four Canadian provinces, representing a significant portion of the region's GDP and emissions. RGGI focuses on electric generating units with a 10 percent reduction target by 2018. WCI aims for an economy-wide program reducing emissions 15 percent below 2005 levels by 2020. The Midwestern Accord proposes an economy-wide reduction of 20 percent below 2005 levels by 2020 and 80 percent by 2050.
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Document type: Policy brief