Category Archives: Offsets

California and Quebec Cap and Trade Systems Set to Link

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Written by Summer Law Student Jonathan McGillivray Combining forces to reduce greenhouse gas (GHG) emissions and fight climate change, California and Quebec will officially link their cap-and-trade programs on January 1, 2014.  “California and Quebec both recognize that putting a price on carbon and letting the market find cost-effective and innovative solutions is the wisest approach both environmentally and economically,” ... Read More »

Travis Allan Talks Carbon Credits at the Project Neutral 2012 Neighbourhood Sumit

On June 9, 2012, Travis spoke at the Project Neutral neighbourhood summit at the Evergreen Brickworks. Travis gave an overview of carbon credit creation, focusing on how not for profit groups like Project Neutral can create revenue to support projects that reduce greenhouse gas emissions. Project Neutral is an ambitious initiative that aims to create the first urban carbon neutral neighbourhood ... Read More »

Western Climate Initiative Releases GHG Offset Protocol Recommendation Process

On December 19th the Western Climate Initiative’s offsets committee released the Final Offset Protocol Review and Recommendation Process [1]. This document provides final recommendations for a four-step process for setting up offset protocols. Existing offset protocols include landfill gas capture, reforestation, and forest conservation.  The recommended steps for creating new offset protocols in the WCI are: Identify possible offset protocols ... Read More »

Australia: Carbon Credits from Farming and Forestry

Australia’s parliament has passed bills allowing the creation of carbon credits from farmland and forests, known as the Carbon Farming Initiative (CFI). Reuters reports that the CFI is a world first, creating a comprehensive national scheme to regulate carbon from forestry and agriculture. The CFI is also important as an important component of a broader package of climate laws and ... Read More »

WCI Releases Draft Offset Protocol Review Process

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The Western Climate Initiative (WCI), the North American organization of provinces and states trying to create a sub-national cap and trade system, just released its draft offset protocol review process, laying out how it will handle proposed offset protocols. This will be relevant when people want to get offset protocols (the rules for creating particular types of carbon credits that ... Read More »

New and Modified Carbon Credit Protocols

New methodlogies for things like jet engines and forests have been approved or modified by North America’s offset programs. Here are a couple of note: Jet Engines The Verified Carbon Standard (“VCS”), which long-time market watchers will recognize as the new name for the Voluntary Carbon Standard, has approved a “Methodology to Curb Jet Emissions via Engine Washing.” The protocol ... Read More »

NRTEE Suggests Made-In-Canada Climate Policy and Carbon Pricing

National Roundtable on the Environment and the Economy (NRTEE) recently released a report calling on the federal government to regulate greenhouse gases (GHGs) and create a “made-in-Canada” carbon price for the good of both Canadian industry and the global environment. The report entitled Parallel Paths: Canada-US Climate Policy Choices was released January 25, 2011 and is one in the series ... Read More »

Voluntary Carbon Market Still Standing in 2009

Despite 2009 being a stressful year for financial markets, voluntary carbon markets survived and in some cases thrived. Although the number and value of trades decreased from 2008 levels, there was a new emphasis on action in the United States. Many voluntary market participants transacted in anticipation of a future domestic compliance system. Although volumes and values were down, market ... Read More »

The Legal Climate – Green Bonds

Our 2nd installment of the Legal Climate Blog, posted on Corporate Knights Website discusses Green Bonds. The Legal Climate: Green Bonds Numerous financial tools have been proposed to help de-carbonize the global economy. Cap and trade, the carbon tax, and subsidized technology upgrades are the best known, but another idea, the “Green Bond”, has recently received a lot of attention ... Read More »