The article provides more details. If Nova Scotia does not implement a Cap and Trade system (or our own carbon tax) by 2018, the federal government will impose a carbon tax on us. Prest argues that Cap and Trade would enable woodlot owners “to manage their lands specifically to store more carbon and receive payments from a regulated market for doing so.” The possible returns appear to be substantial and would provide a major incentive not to clearcut.
Clearly this proposal deserves every Nova Scotian’s consideration.
More about Carbon Credits for Forestry:
FAQ: Forest Carbon Projects
On The Climate Trust website. “Building upon a legacy of innovation and leadership in the carbon market, The Climate Trust accelerates the pace of carbon mitigation through conservation ﬁnance. We value air, water and soil through the development, purchase and sale of qualiﬁed oﬀsets and a relentless investment in people and projects with environmental purpose.”
Ontario Ministry of the Environment and Climate Change (MOECC) Releases Regulatory Proposal for Offset Program
Document dated Nov 17, 2016. Some indication where Ontario is headed.
UPDATE (NOV 23, 2016): Listen to CBC interview with Dale Prest (Nov 22, 2016)