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Ottawa approves Alberta and BC programmes to supply offsets under large emitter regulation

"The Canadian government on Tuesday recognised Alberta and British Columbia’s offset programmes to source carbon credits under the federal ‘backstop’ output-based pricing system (OPBS), though not all protocols from the provincial systems were immediately approved.

"Toronto-based analysts ClearBlue Markets estimated that the Canadian OBPS would be under-supplied by 7.33 million tonnes of CO2e in 2019 – a figure well above the current recognised unit supply from the provincial protocols."

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