What role will offsets play for Ontario industries?

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As companies continue to define their strategies for Ontario’s cap and trade market, we asked Climate Action Reserve and COOP Carbone for their expert views on the role of offsets in meeting compliance requirements.

“If companies are new to cap and trade, they have to get started right away in thinking about their compliance strategy and knowing what role offsets can play,” notes Craig Ebert, President of Climate Action Reserve, which has been contracted by the Ontario Government to adapt 13 existing offset protocols for use in Ontario and Quebec.

“Offsets can play a critical cost reduction role which can be particularly helpful for large emitters,” agrees David Moffat, Fund Manager for Quebec-based COOP Carbone.

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