Moving Forward: Carbon Credits

By Jason Fisher, LLB, RPF, Partner MNP
Truck LoggerBC Magazine
January 4, 2023
Category: Carbon, Climate & Bioenergy
Region: Canada, Canada West

Jason Fisher

Carbon offsets in the context of forestry are coming up more and more, particularly in relation to projects that set aside forest land. There are concerns that setting aside forests in a time of increasing climate change and fire risk may not be the best way to store carbon. …In order to turn your carbon-busting initiative into a saleable credit, the activity must result in real reductions that are additional to business-as-usual and can be verified by a third party. …For land-based carbon offsets, private land is at an advantage because land-based offsets require ownership of the carbon rights and the ability to control the future of the land. On Crown land, forest and range tenure rights do not include the right to benefit from atmospheric impacts, like carbon offsets. First Nations tenure holders do have the opportunity to negotiate a separate agreement with the Crown, called an Atmospheric Benefit Sharing Agreement.

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