REGINA, SK. – The government of Saskatchewan has shared a discussion paper on development of a carbon offset framework for the province.
The paper has been shared with provincial stakeholders such as environmental and industry associations, regulated emitters, urban and rural municipalities, First Nations and Metis organizations, educational institutions and Crown and government agencies.
“Our government is committed to designing an offset program that best serves the needs of the province. With input from Saskatchewan industries, associations, producer groups and other diverse stakeholders, we can design a system that extends to all sectors to help the province shift to a lower-carbon economy,” provincial environment minister Dustin Duncan said.
Stakeholders were asked to provide written feedback in May and meet with environment ministry in June.
“Prairie Resilience is designed to achieve actual greenhouse gas reductions by 2030. Despite the imposition of the ineffective federal carbon tax, these discussions ensure the offset framework accounts for economic growth, competitiveness and trade exposure,” Duncan added.
The market-based system will provide carbon offset credits to project developers who use approved methodologies to reduce, remove or sequester GHG emissions from the atmosphere, a government release said. Credits can then be sold to organizations wishing to comply with regulations and address their own emissions.
The offset program is designed to provide incentives for development of clean technologies, sustainable practices and renewable energy.
The discussion paper is available at https://publications.saskatchewan.ca/ under the Environment subsection. A paper on a performance credit system is expected later in the year.