CN project to create new carbon offset opportunities for B.C.

by Canadian Shipper

VICTORIA, B.C. — CN has pioneered a modal shift protocol that will create new carbon offset project opportunities for British Columbia’s transportation sector.

The modal shift protocol allows companies to generate carbon offsets by shifting freight shipments to rail from truck. An offset protocol is a detailed, specific set of instructions on how to carry out an offset project. A protocol may include information on procedures and requirements for project development, operation, and monitoring, as well as detailed instructions on how to quantify the offsets.

Pacific Carbon Trust (PCT) has agreed to recognize the protocol for modal shift offset projects in B.C.

Shippers that demonstrate lower emissions from using a modal shift and meet the British Columbia Emission Offsets Regulation can use the resulting offsets to generate revenue through the sale of the offsets to PCT. Emission reductions may also help reduce carbon taxes and/or help companies meet their emissions reduction goals.

“Freight transportation is an important part of the North American economy and a major producer of greenhouse gases (GHG). The modal shift protocol is a powerful tool for shippers seeking ways of reducing GHG emissions, and will simultaneously help to reduce heavy truck activity on highways. We hope other jurisdictions across North America will also adopt this innovative modal shift protocol as they develop new measures to combat climate change,” said Claude Mongeau, CN president and CEO.

B.C. Minister of State for Climate Action John Yap said: “CN is showing the type of low-carbon mindset that we would like to see all industries in B.C. follow. Finding ways to creatively lower emissions in all sectors of our economy is the way to stay competitive in the global marketplace and meet our target of reducing provincial emissions by 33%.”

According to the 2007 B.C. Provincial Greenhouse Gas Inventory Report, transportation accounts for 37% of provincial GHG emissions, the largest share by sector.

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