Environment Canada

Environment Canada

June 29, 2008 14:00 ET

Government Launches Credit for Early Action Program

OTTAWA, ONTARIO--(Marketwire - June 29, 2008) - The Government of Canada delivered more action today on its Turning the Corner Plan to cut Canada's greenhouse gas emissions an absolute 20 per cent by 2020.

Canada's Environment Minister, John Baird, today launched the first phase of Canada's Credit for Early Action Program.

"Many Canadian companies have already taken the initiative to reduce their greenhouse gas emissions and we want to recognize that," said Canada's Environment Minister John Baird. "This program is one of several mechanisms designed in our Turning the Corner plan to tackle climate change."

This program is designed to recognize Canadian facilities that took a leadership role in reducing their greenhouse gas emissions. Many provinces like Quebec have also asked the federal government to recognize these reductions. This important program is a key element of the Turning the Corner Plan.

Under the Turning the Corner Plan, big polluters will face mandatory reductions that require companies to reduce their emissions. The program we are launching today will provide a limited number of credits to those companies who have already taken action to reduce their emissions. The plan also includes a carbon market, on which companies that cut their emissions more than required will be able to sell credits.

The Credit for Early Action Program will be available to companies that took early action to reduce greenhouse gases between 1992 and 2006 and that will likely find themselves subject to mandatory greenhouse gas reductions. Credits will be available for reductions of any of the following six greenhouse gases: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), and sulphur hexafluoride (SF6).

The Credit for Early Action Program will provide a one-time allocation of credits, up to a maximum of 15 megatonnes for the entire program. Facilities that wish to apply for these credits will need to have their claim verified by a third-party. As of Saturday, companies can apply to the Program and have access to submission forms and guidance documents on the Credit for Early Action Web site at: www.ec.gc.ca/cmap-cea/default.asp?lang=En&n=B148443A-1.

Egalement offert en francais

Contact Information

  • Office of the Minister of the Environment
    Eric Richer
    Press Secretary
    Environment Canada Media Relations