Country:Canada
Year:1999
Policy status:In Force
Date Effective:1999
Policy Type:Economic Instruments>Market-based instruments
URL:http://www.gert.org/whatsnew
Climate Change Description:The Greenhouse Gas Emission Reduction Trading Pilot (GERT) is designed to test the effectiveness of emission reduction trading for greenhouse gases in the Canadian context. This pilot is a partnership between the Canadian federal government, a number of provinces, industry, labour and environmental groups. During the Pilot, buyers and sellers of emission reductions submit documentation on traded projects to a multi-stakeholder committee for review. If the emission reductions satisfy the requirements of the GERT Pilot, they are registered and will be eligible for recognition against future compliance obligations. Emission reductions can be generated by projects that: reduce emissions (e.g. through fuel-switching or upgrading energy efficiency of equipment); avoid increases in emissions that would otherwise have occurred (e.g. by using renewable energy or less carbon-intensive technologies). GERT completed 2 reviews of projects in 1999.

Last modified: Fri, 13 Jul 2012 11:48:57 CEST