Policy status:Ended
Date Effective:1999
Policy Type:Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Voluntary Approaches
Policy Target:Small and Medium sized Enterprises (SMEs), Industry, Energy Sector>CHP
Description:In 1999, Canadian energy and environment ministers announced the establishment of a process for providing credit to industry and other stakeholders for taking early action on reducing greenhouse gas emissions. The ministers stated that they would consider in their credit system measures already taken under such programmes as the national Voluntary Challenge and Registry Programme (VCR) and British Columbias pilot emissions trading programme. Ministers also agreed to strengthen the VCR, calling for its board of directors to "clearly define and standardise methods of reporting the achievements of participants", and to report on progress to the ministers next joint meeting. In 2006, the Canadian government ended the Pilot ERRL and its related financial incentives for emissions reductions through landfills, renewable energy production and carbon sinks.

Last modified: Fri, 13 Jul 2012 11:46:12 CEST