Developing Emission Offset Projects
Proponents should review offset regulatory requirements prior to planning projects or considering investment decisions.
Accepted projects in B.C. must meet criteria established in the Greenhouse Gas Industrial Reporting and Control Act (GGIRCA), the Greenhouse Gas Emission Control Regulation and relevant approved protocols.
An approved protocol is a set of instructions on how to quantify greenhouse gas emission reductions from a project. Only protocols that have been established under GGIRCA can be used to prepare a proposed project.
Prior to the director’s approval, all draft protocols and guidance documents are posted for a 30-day public review and comment period.
Consultation on the Draft B.C. Greenhouse Gas Offset Protocol: Fuel Switch was open November 10 – December 10.
The project plan sets out the purpose, project boundary, baseline scenario, and selected emission sources, sinks and reservoirs for the project in accordance with the regulation and protocol. The plan also identifies the length of time the project will be eligible to create offsets. This time or crediting period may be up to 25 years for sequestration projects and up to 10 years for other project types.
Project proponents must have the completed plan validated by an accredited validation body.
Validation bodies review the project following criteria established in the act, regulation and protocol. Successful validation provides assurance from an accredited third party that the project plan is fair, reasonable and meets the requirements of the act. Before performing a validation, validators must demonstrate they are not in a conflict of interest (see section 16 of the GHG Emission Control Regulation).
A validator submits a validated project plan and its validation statement through the BC Carbon Registry to the director for review. When accepted, the validated project plan and related validation documents are published on the BC Carbon Registry.
- The validation statement was signed more than 45 days before the statement was submitted to the director
- The proponent’s BC Carbon Registry account has been suspended or cancelled
- The validation body is under investigation
- The project plan is inconsistent with the protocol, act or regulation