Canada launches greenhouse gas offset credit system

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Canada launches greenhouse gas offset credit system

STORY: Canada launches greenhouse gas offset credit system DATELINE: June 9, 2022 LENGTH: 00:04:12 LOCATION: Ottawa CATEGORY: POLITICS/ENVIRONMENT SHOTLIST: 1. mid of Canadian Environment and Climate Change Minister Steven Guilbeault making a statement STORYLINE: Canada launched Greenhouse Gas Offset Credit System on Wednesday, a market-based incentive to undertake innovative projects that reduce greenhouse gases (GHGs) by preventing emissions and removing GHGs from the atmosphere. "Establishing a federal carbon offset market is a win-win for the economy and the environment," said Environment and Climate Change Minister Steven Guilbeault in a news release. "We're putting in place a market-based mechanism to incentivize businesses and municipalities to invest in the technologies and innovations that cut pollution." Launching the first project to generate offset credits for recovering landfill methane, Guilbeault said the ministry will roll out more offset protocols for activities in other sectors, s

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