Collaborative Proposal Creation

BE IT RESOLVED that the Green Party of Canada fundamentally challenges the use of carbon offsets as federal policy unless it can be verified scientifically and audited on a case-by-case basis that additional and permanent GHG reductions are achieved that have not already been claimed by another entity and are not associated with significant social or environmental harms. BE IT FURTHER RESOLVED that the Party supports bringing the sale of all carbon offsets and credits nationwide under federal regulation and oversight.

Public policy that the party would represent

Since markets for carbon credits/offsets have been largely unregulated, lacking transparency, accountability, and verifiability, a federally regulated credit system with defined compliance protocols may be seen as an improvement toward ensuring that offset schemes truly represent the emissions reductions claimed. However, reliance on this policy tool remains problematic due to: questionable appropriateness of measures that result in temporary carbon sequestration offsetting permanent fossil fuel emissions; emissions trading allows emitters to pay to delay, minimize, or avoid emission reductions, a questionable way to achieve rapid net reductions; predicted emission reductions by the seller often rely on weak forecasting models

The GPC currently does not have a policy on carbon offsets

https://www.mckinsey.com/capabilities/sustainability/our-insights/a-blueprint-for-scaling-voluntary-carbon-markets-to-meet-the-climate-challenge https://www.cbc.ca/radio/whatonearth/carbon-offsets-might-be-a-dangerous-distraction-from-more-effective-climate-action-experts-say-1.5946764 https://resources.environment.yale.edu/kotchen/pubs/ssirfinal.pdf https://www.canada.ca/en/environment-climate-change/services/climate-change/pricing-pollution-how-it-will-work/output-based-pricing-system/federal-greenhouse-gas-offset-system.html https://laws-lois.justice.gc.ca/eng/regulations/SOR-2022-111/page-1.html https://www.euronews.com/green/2023/01/10/the-five-biggest-reasons-carbon-offsetting-schemes-can-fail#:~:text=The%20most%20prominent%20reason%20why,which%20were%20never%20in%20danger.

N/A

Yes

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