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Market News

 August 30, 2009
Pacific Carbon Trust to Issue New Call for Offsets

 Pacific Carbon Trust (PCT) will issue a general Request for Qualifications (RFQ) for carbon offsets in September 2009.

PCT recently purchased its first round of carbon offsets, resulting in the sourcing of over 300,000 tonnes of BC-based offsets. The upcoming RFQ represents the next stage in the competitive selection process to assess and qualify vendors to supply BC-based carbon offsets. By June 30, 2011, Pacific Carbon Trust will acquire between 700,000 and one million tonnes of carbon offsets.

To be considered, carbon offsets must:

  • be generated in BC;
  • have began operation after November 29, 2007; and
  • meet the BC Emission Offsets Regulation

A notice of the RFQ will be posted on the Pacific Carbon Trust and BC Bid (www.bcbid.ca) websites. This solicitation will be open to proposals for different types of offsets from multiple sectors such as energy, transportation, buildings, agriculture and waste management. A separate, targeted forestry offset procurement call is under development.

The Province of British Columbia has made significant commitments in its Climate Action Plan to reduce BC’s GHG emissions. These include the reduction of BC’s GHG emissions by at least 33 per cent below 2007 levels by 2020 and 80 per cent by 2050. Government has also committed to a public sector that will be carbon neutral by 2010.

Pacific Carbon Trust (PCT) is a Crown corporation established in 2008 to deliver BC-based greenhouse gas offsets, to help clients meet their carbon reduction goals and to support the growth of BC’s low-carbon economy.

For more information, visit www.pacificcarbontrust.ca. To receive notification upon release of the RFQ or to be added to our industry interest list, please email your contact information to: .

For More Information: Pacific Carbon Trust