|Policy Type:||Regulatory Instruments, Voluntary Approaches|
|Agency:||Natural Resources Canada (NRCan)|
|Climate Change Description:|
On 21 November, 2002, the Government of Canada released the Climate Change Plan for Canada, which proposes that targets for emissions reductions -- totalling 55 Mt -- be established for large final emitters (LFEs) through covenants with a regulatory or financial backstop. The Large Final Emitters Group of Natural Resources Canada is responsible for working with key industry sectors to reduce annual greenhouse gas emissions. The LFE Group will use a number of tools to meet these goals, including backstop legislation and regulations, and negotiated covenants. Initial covenant sessions with industry sectors, provinces and territories, and other stakeholders have begun and will continue over the next several months. The goal is to provide clarity to industry respecting their greenhouse gas reductions obligations well before the commencement of the Kyoto compliance period in 2008. On 25 July, 2003, the former Prime Minister of Canada provided a list of principles to the Canadian Association of Petroleum Producers with this initiative. On 6 November, 2003, the Government of Canada signed a Memorandum of Understanding with the Forest Products Association of Canada.
|This record is superseded by:||Project Green|
Last modified: Thu, 14 Mar 2013 12:16:59 CET