IHS Markit to support Canada’s federal carbon pricing programme
IHS Markit reports that it has been selected to deliver the Canadian government’s carbon credit and tracking solution that aims to reinforce Canada’s federal measures to mitigate greenhouse gas emissions under the Pan-Canadian Framework on Clean Growth and Climate Change, and provide tracking for the federal output-based pricing system.
The federal output-based pricing system is designed to ensure there is a price incentive for industrial emitters to reduce emissions, spur innovation, maintain competitiveness and eliminate carbon leakage.
IHS Markit has designed and developed greenhouse gas registries and auction infrastructure for governments in the Americas, EMEA (Europe, the Middle East and Africa) and Asia-Pacific. Its environmental registry is claimed to be the largest global registry for carbon, water and biodiversity credits. Since its inception, the environmental registry has provided full tracking for the lifecycle of more than 350mn credits.