The Federal Government has given notice of its intent to publish protocols critical to the design and implementation of Canada's Offset System for Greenhouse Gases, a key aspect of Canada's climate change plan and the creation of a domestic carbon market.
The two protocols are: Canada's Offset System for Greenhouse Gases: Program Rules and Guidance for Project Proponents and Canada's Offset System for Greenhouse Gases: Program Rules for Verification and Guidance for Verification Bodies.
Canada's Offset System would provide for the issue of credits for incremental, real, quantifiable, unique and verifiable domestic reductions or removals of greenhouse gas emissions. It is intended that the credits issued through the Offset System could be used for compliance purposes by regulated emitters, and could be traded in Canada's national greenhouse gas emissions trading system.
The protocols are now open for public comment. To obtain a copy of the protocols and an overview of Canada's Offset System for Greenhouse Gases, see: