In December 2023, Environment and Climate Change Canada published a draft fourth protocol under Canada’s Greenhouse Gas Offset Credit System. This new draft protocol, Reducing Enteric Methane Emissions from Beef Cattle (REME protocol), will incentivize farmers to implement changes that would reduce enteric methane emissions from their beef cattle operations with an opportunity to generate offset credits that they can sell.
Participation in Canada's GHG Offset Credit System is completely voluntary and does not compel farmers to do anything. The system provides a financial incentive to reduce GHG emissions from eligible activities outlined in a GHG Offset Protocol and that are not otherwise legally required or considered business as usual.
The Government of Canada is seeking input from stakeholders on the draft REME protocol. Interested parties are invited to submit comments via email at: creditscompensatoires-offsets@ec.gc.ca by February 6, 2024. The final protocol is expected to be published in the summer of 2024, when farmers can begin registering their projects in Canada’s Greenhouse Gas (GHG) Offset Credit System. For more information on Canada’s GHG Offset Credit System, eligible activities, and how to submit an application to register an offset project, please visit Canada’s Greenhouse Gas Offset Credit System.
The CCA will be submitting comments and encourages its industry partners to participate as well.
ORIGINAL NEWS RELEASE: https://www.canada.ca/en/environment-climate-change/news/2023/12/government-of-canada-announces-new-economic-incentive-to-reduce-methane-emissions-from-beef-cattle.html
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