Policy status:In Force
Date Effective:2008
Policy Type:
Policy Target:Framework/ Multi-sectoral Policy, Industry, Small and Medium sized Enterprises (SMEs)
Agency:Environment Canada
Legal References:Section 322 of the Canadian Environmental Protection Act, 1999
Description:Canadas Offset System for Greenhouse Gases is designed to encourage cost-effective domestic greenhouse gas reductions or removals in activities or sectors that are not covered by the planned federal greenhouse gas emissions regulations. Projects must be within the scope of the Offset System, and must achieve real, incremental, quantifiable, verifiable and unique reductions of greenhouse gases to be eligible to receive offset credits. Each offset credit will represent one tonne of greenhouse gases (in carbon dioxide equivalent) reduced or removed. Offset credits will be tradable and bankable. The planned federal regulations of greenhouse gas emissions will set out the conditions under which regulated entities will be able to use offset credits for compliance. The first of three guidance documents, the Guide for Protocol Developers, was released on August 9, 2008, and was open to public consultation for 60 days. On June 10, 2009, the Government of Canada released draft versions of the programme rules and for project proponents and the rules and guidance for verification for public comment. All three guidance documents are expected to be finalised after the comments have been review.

Last modified: Wed, 18 Jul 2012 16:48:12 CEST