The federal government has released long-awaited draft guidance on a proposed Canadian offset system for greenhouse gas (GHG) emissions. The draft guidance documents, titled “Program Rules and Guidance for Project Proponents” and “Program Rules for Verification and Guidance for Verification Bodies,” set out mechanics of the offset system, which would credit projects that reduced or removed emissions when not required by law to do so. Environment Canada is accepting comments on the guidance documents until August 12, 2009.  

For further details, please see Torys’ June 12 Climate Change Bulletin

Additional information is also available at www.ec.gc.ca/creditscompensatoires-offsets/default.asp?lang=En&n=109DDFBA-1.