Canada: Climate Change

Gowling WLG's Energy Innovator Roundtable explored how infrastructure finance can transform building decarbonization from isolated projects into scalable investments. Industry experts from infrastructure, lending, and building sectors identified six critical strategies for structuring bankable projects, from evaluating complete investment economics to addressing institutional conservatism in the building power sector.

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.

Le Canada et l'Alberta ont conclu un accord de mise en œuvre qui modifie fondamentalement la tarification du carbone, établissant de nouveaux prix planchers, des contrats sur différence et des taux de resserrement ajustés. Comment ces changements transformeront-ils les marchés du carbone et les investissements dans les technologies propres au cours des quinze prochaines années?

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.

Environment Canada has announced that all reporting requirements for Phases 2 and 3 of Canada's Federal Plastics Registry, initially set for September 29, 2026 and September 29, 2027, respectively, are delayed to a yet to be determined date.

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...