OTTAWA, June 8 (Xinhua) -- 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."
