Selling carbon offsets to the Province
B.C.’s carbon offset portfolio has resulted in total emission reductions of approximately 7.5 million tonnes carbon dioxide equivalent (CO2e) between 2010 and 2020. In addition to reducing emissions, offsetting advances green technologies, supports clean job growth and stimulates the economy.
The Ministry of Environment and Climate Change Strategy is currently reviewing its approach to purchasing carbon offsets and exploring options for an updated offset procurement process. The former Request for Offset Units (RFOU) closed on July 19, 2021. Thank you to those who applied under that process. Existing offset purchase agreements established under that process, including contracted purchases under those agreements, will not be affected by the procurement review.
Please check back here for updates on carbon offset procurement opportunities. For more information regarding the review of offset procurement, please refer to the Frequently Asked Questions (PDF, 138KB). Additional questions related to offset procurement can be directed to ClimateInvestmentBranch@gov.bc.ca.
The offset procurement review will not impact work related to the development of offset protocols. Protocol development is a separate process that is part of provincial offset regulatory requirements; it is distinct from government’s purchasing process for carbon offsets. For more information related to protocol development and offset regulatory requirements, contact GHGRegulator@gov.bc.ca.
Prospective project proponents are encouraged to review provincial offset regulatory requirements as a first step prior to planning projects, considering investment decisions, or seeking potential purchasers. Projects must meet provincial regulations in order to have their emission reductions or removals recognized as B.C. Offset Units.