Canada Launches Greenhouse Gas Offset Credits to Help Tackle Emissions
A set of rules stipulate how projects can generate tradeable credits by capturing gas emissions.
The government said protocols for four other sectors including agriculture and forest management are under way. It will also start developing protocols for carbon capture technology, which Canada’s high-polluting oil industry is betting on to slash its emissions, this summer.
The greenhouse gas offset credit system is intended to support a domestic carbon offset trading market, and the government said it will create new economic opportunities for companies and municipalities reducing emissions.