Crediting Factsheets

British Columbia’s crediting mechanism was legislated through the GHG Emission Control Regulation under the Greenhouse Gas Industrial Reporting and Control Act (GGIRCA) in 2014. Emissions reductions from projects within British Columbia can earn British Columbia Offset Units, which can then be sold to facilities covered under the GGIRCA—a baseline and-credit ETS, such as pulp and paper operators, to satisfy their legislative requirements. The Canadian Federal Government recognized British Columbia's offset programs as source of credits for the federal OBPS program in August 2020. Regulated operations with emissions reductions less than the emissions limit applicable can hold Earned Credit, which can then be sold to facilities to satisfy their compliance obligation.