Establishing credible emission reduction estimates: GERT's experience

To address the challenge of reducing the greenhouse gas emissions in Canada, the federal and provincial governments are developing strategies and policies to reach that goal. One of the proposed solutions is the establishment of an emission trading system, which it is believed would encourage investment in lower-cost reductions. The Greenhouse Gas Emission Reduction Trading (GERT) pilot was established in 1998 to examine emission trading. It represents the collaborative efforts of government, industry, and non-governmental organizations. It is possible to establish emission reduction trading outside of a regulated environment. Emission reduction is defined as being an action which reduces emissions when compared to what they would have been otherwise. The functioning of GERT was described from the initial application by a buyer/seller to the review process. The assessment of projects is based on mandatory criteria: reductions of emissions must be real, measurable, verifiable and surplus. A section of the presentation was devoted to landfill gas recovery project issues, while another dealt with fuel substitution project issues. Section 5 discussed emission reductions from an off-site source electricity project issues. figs