News

October 10, 2014

Environment Canada Finalizes 2017-2025 GHG Standards and Credit Trading Program

On October 8, 2014, Environment Canada published its final 2017-2025 MY GHG rules in the Canada Gazette Part II.  For a copy of the notice, click here.

Consistent with the GHG and fuel consumption rules in the U.S., the Canadian GHG rule includes an emission credit trading program that provides companies with the option to obtain credits in model years in which they perform better than the prescribed stan­dards and use them to offset deficits in model years in which they do not achieve the prescribed standards. Companies may obtain these credits based on their own performance or they may obtain them through transactions with other companies with an available credit surplus.

As is already the case for CAFE, GHG and ZEV and other credit program, Mobilis provides manufacturers an efficient mechanism for trading GHG credits so to ensure compliance with the Canadian GHG standards.  If you have questions about the new Canadian requirements or about Mobilis Trading, please give us a call at (202) 567-2926 or send an email to dale.kardos@mobilistrading.com.

 

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Our easy-to-use online trading platform makes it possible for automakers, engine manufacturers, fuels producers, and fleet operators to buy and sell regulatory compliance credits via forward auctions and reverse auctions.
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In a Forward Auction, a company with excess credits initiates an auction to sell credits and companies needing credits bid to buy them. As the auction proceeds, bidding drives up the price of the credits. When the auction ends, the company that has offered to pay the most for the credits is the winner.

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In a Reverse Auction, a company needing credits initiates an auction to purchase credits and companies with excess credits bid to sell their credits to that company. As the auction proceeds, bidding drives the price of the credits down. When the auction ends, the company that has offered to sell their credits for the least amount of money is the winner.

See An Example