Greenhouse Gas Emission Offset Projects
B.C. offset projects span nearly every region and sector of the province – driving clean economic opportunities while cutting emissions.
How do Offset Projects Work Under B.C. Regulations?
To have their reductions recognized as B.C. Offset Units, projects must meet provincial regulations. Independent validators and verifiers provide third-party reviews to ensure the resulting offsets are verifiable and incremental. The Ministry of Environment provides regulatory oversight.
By purchasing offsets, regulated operations such as liquefied natural gas (LNG) facilities and public sector organizations can satisfy their legislative requirements. Voluntary purchasers can use B.C.’s high-quality offsets to meet their own sustainability targets.
Offset projects are managed through the BC Carbon Registry. Proponents, validators and verifiers, regulated operations and the Ministry of Environment use the registry to post project-related documents and to issue, transfer and retire offset units.
What Does Developing and Managing Offset Projects Entail Under the B.C. Framework?
Developing a new offset project involves:
- Reviewing regulations and investment considerations
- Creating a project plan
- Validating the plan
- Submitting the plan for acceptance
Managing an existing project involves:
- Monitoring project activity
- Producing regular project reports
- Seeking verification of the reports
- Applying for the issuance of offset units
Once offset units are issued, they can be managed in the BC Carbon Registry, transferred to other parties or sold to other organizations such as the province, which purchases offsets as part of its commitment to carbon neutral government.