Saskatchewan’s authorities is planning to maneuver forward with its personal voluntary carbon offset credit score market, which might doubtlessly see farmers obtain funds for practices that sequester or scale back greenhouse gasoline emissions.
The plan to maneuver forward with the provincial offset program was included within the throne speech delivered by Lt. Gov. Russ Mirasty on October 26.
“To assist decrease international greenhouse gasoline emissions and to acknowledge the sustainability of Saskatchewan commodities bought around the globe, my authorities will create a made-in-Saskatchewan program to generate voluntary carbon offset credit to producers and firms whose commodities have decrease greenhouse gasoline emissions than international averages,” learn the textual content of the speech.
“These offset credit can then be utilized by Saskatchewan producers and firms as a part of their very own efforts to voluntarily scale back emissions or might be traded to others for comparable functions.”
The speech additionally famous that “in 2020, Saskatchewan sequestered practically 13 million tonnes of carbon in its agricultural soils, the equal of taking 2.78 million vehicles off the highway for a 12 months.”
Further particulars in regards to the made-in-Saskatchewan offset program haven’t been introduced or decided presently. There was no point out of the timeline for growing this system and the compliance protocols that will be required for measuring greenhouse gasoline reductions. It’s additionally not clear whether or not the Saskatchewan authorities is hoping this system may function an alternative choice to the federal carbon tax within the province. There are additionally questions round how the Saskatchewan program would deal with the “additionality” requirement of most carbon markets, as it might preclude present practices, equivalent to zero-till, from being acknowledged. (Agriculture has requested extra info/interviews.)
While there are additionally alternatives for farmers to doubtlessly promote carbon offsets in personal markets, the federal authorities has been engaged on a greenhouse gasoline offset credit score system that was initially introduced within the 2019 funds. As of October 2022, the one protocol in place for federal offset credit applies to methane emissions from landfills. When it involves farming practices, Environment and Climate Change Canada is growing protocols for enhanced soil natural carbon and livestock feed administration. The division says it’s additionally contemplating protocols for livestock manure administration and anaerobic digestion.
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