PCT Offsets
All PCT offsets are in compliance with the BC Emission Offsets Regulation, ensuring real climate change solutions through high quality offsets built on recognized international standards.
What is a “high quality” offset?
There are several characteristics accepted worldwide that describe offsets of sound environmental integrity – additionality, verification, permanence, no leakage and counted once. These are the basis for provincial regulation in this area.
Additionality - is a test to ensure that the greenhouse gas emission offsets in question are an incremental benefit of the offset project, and not the outcome of business as usual. In other words, the project faces economic, investment or technological barriers to implementation that are overcome or partially overcome by the money from the sale of offsets.
Verification – is an assurance by an independent third party that the greenhouse gas reductions claimed have genuinely taken place.
Permanence – refers to the ability of the project to maintain the greenhouse gas removals over time. For example, a forest that has been accounted as a carbon sink could re-release carbon into the atmosphere later if the forest burns down.
Leakage – is an unintended change in greenhouse gas emissions or removals in another location, but resulting from the project, so that the overall level of emissions has not been fully reduced.
Counted Once – this specification is required to avoid the sale of a project's greenhouse gas reduction to more than one buyer. Public disclosure of documentation for offset projects can reduce the chances of this occurring.
PCT Offsets
All PCT offsets are in compliance with the BC Emission Offsets Regulation, ensuring real climate change solutions through high quality offsets built on recognized international standards.
What is a “high quality” offset?
There are several characteristics accepted worldwide that describe offsets of sound environmental integrity – additionality, verification, permanence, no leakage and counted once. These are the basis for provincial regulation in this area.
Additionality - is a test to ensure that the greenhouse gas emission offsets in question are an incremental benefit of the offset project, and not the outcome of business as usual. In other words, the project faces economic, investment or technological barriers to implementation that are overcome or partially overcome by the money from the sale of offsets.
Verification – is an assurance by an independent third party that the greenhouse gas reductions claimed have genuinely taken place.
Permanence – refers to the ability of the project to maintain the greenhouse gas removals over time. For example, a forest that has been accounted as a carbon sink could re-release carbon into the atmosphere later if the forest burns down.
Leakage – is an unintended change in greenhouse gas emissions or removals in another location, but resulting from the project, so that the overall level of emissions has not been fully reduced.
Counted Once – this specification is required to avoid the sale of a project's greenhouse gas reduction to more than one buyer. Public disclosure of documentation for offset projects can reduce the chances of this occurring.