Carbon Offset Developments and Strategies in Ontario

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Market experts agree that offsets have a potentially pivotal role to play in entities achieving their compliance obligation within the Ontario cap and trade system.

However, with offset regulations still in the process of being finalised and the long-term effects of the Western Climate Initiative (WCI) linkage still being assessed, questions remain about how best to integrate these offsets into an effective compliance strategy.

With updates from Climate Action Reserve, which has been contracted by the Ontario Government to adapt existing offset protocols for use in Ontario and Quebec, and informed views from Cap-Op Energy, Bluesource Canada, American Carbon Registry, and Haliburton Forest, this article provides critical insight on offsets for Ontario market participants.

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