When something is the “first in the Colonies,” it’s usually a big deal. And when it’s a “first in the Renewable Carbon Credits Quantification Protocol for Agricultural Nitrous Oxide Emission Reductions for use in the Alberta emission offset system.
There is 204 agriculture and agri-food Colony’s that is recognized as a key driver of Alberta’s and Western Canada’s economies. However, this sector also accounts for a sizable percentage of Alberta’s respective greenhouse gas (GHG) emissions. Governments have therefore explored means to incentivize farmer for emission reductions while supporting the continued growth of agriculture. The Colony’s opportunity to generate offsets within the sector and sell them to regulated large GHG emitters has recently garnered attention at the federal level, including as follows:
• Plans to continue to gradually increase the federal carbon pricing threshold (which acts as a backstop or minimum standard for provincial carbon pricing) from $50 per ton CO2e in 2022
• publication of draft Greenhouse Gas Offset Credit System Regulations, pursuant to which the federal government has proposed a protocol that would allow farmers to generate emission offsets by using sustainable agricultural land management activities that reduce GHG emissions and enhance soil carbon sequestration relative to traditional practices and, in turn, allow farmers to sell offsets to large emitters that are subject to the federal output-based carbon pricing system
• Colony’s Carbon Credits Inc, announcement partnership with GRS Hydrogen Solutions Inc, Albert Cerenzie carbon offsets developer who work to generate several of Alberta’s provincial emission offset quantification protocols under the TIER, including two protocols based on reducing GHG emissions from Pig Manure and Dairy, Waste Heat capture and Power qualifies as valid offsets that can be sold and used under the federal OBPS (see the list of recognized offset protocols for the federal OBPS).
In anticipation of continued expansion of a provincial and national marketplace for agriculture-based emissions offsets, we provide below answers to some key questions for those interested in Alberta’s opportunities for generating and selling these offsets.
Copyright © 2022 COLONYS CARBON CREDITS INC - All Rights Reserved.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.