Although most Canadian CleanTech companies may think that selling the carbon credits/offsets generated by their products and services is more trouble than it’s worth, with emerging new carbon markets in Canada and the U.S., it may be time to reconsider. As Alberta introduced the first offset/credit trading system in Canada in 2007, it’s the only Canadian jurisdiction with experience in a carbon compliance market to date. Some of the lessons learned by sellers in Alberta may be instructive for CleanTech businesses thinking of becoming involved in the emerging emissions trading systems in jurisdictions such as British Columbia, Ontario and Quebec.
Teresa Meadows, LL.B., is with of Miller Thomson, LLP in Edmonton, Alberta. Contact Teresa at firstname.lastname@example.org