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Manitoba Climate Change Task Force - International Institute for ...

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Develop an Approach to<br />

Sinks and Emissions Trading<br />

The <strong>Manitoba</strong> <strong>Climate</strong><br />

<strong>Change</strong> <strong>Task</strong> <strong>Force</strong> believes that the government of <strong>Manitoba</strong> should give high<br />

priority to the development of effective international and national emissions<br />

trading regimes that meet the needs of <strong>Manitoba</strong> business and reduce greenhouse<br />

gases. The task <strong>for</strong>ce recognizes that <strong>Manitoba</strong> is well placed to benefit from an<br />

effective emissions trading system, by nature of its potential to expand its clean<br />

and renewable energy supply, as well as the potential in its <strong>for</strong>est and agricultural<br />

sinks. An early voluntary national emissions trading program would pave the way<br />

towards establishing a national domestic emissions trading program in time <strong>for</strong><br />

Kyoto targets becoming operational in 2008.<br />

The task <strong>for</strong>ce recommends that to capitalize on opportunities<br />

in emission trading and sinks, the government of <strong>Manitoba</strong>:<br />

Work with the federal government to immediately establish and fund a voluntary<br />

national emissions trading regime.<br />

Urge the government of Canada to establish international and North American<br />

emissions trading regimes that are both environmentally credible and<br />

economically efficient;<br />

Assist <strong>Manitoba</strong>’s private businesses and Crown corporations to become involved<br />

with voluntary and demonstration emissions trading initiatives in <strong>Manitoba</strong>,<br />

Canada and North America;<br />

Establish a carbon trading and/or auctioning centre in <strong>Manitoba</strong>, or utilize a<br />

current commodity trading institution able to support emissions trading<br />

activities; and<br />

Address the knowledge gaps related to determining <strong>Manitoba</strong>’s potential <strong>for</strong><br />

our <strong>for</strong>estry and agricultural sectors to participate in sinks and emissions<br />

trading opportunities.<br />

Bonn Agreement<br />

The agreement in Bonn<br />

rein<strong>for</strong>ces the opportunities <strong>for</strong><br />

<strong>Manitoba</strong> to help Canada meet<br />

its Kyoto target while benefiting<br />

the <strong>Manitoba</strong> economy. Under<br />

the Protocol and the Bonn<br />

agreement, Canada is entitled to<br />

earn emissions “credits” towards<br />

our Kyoto target <strong>for</strong> our<br />

management of <strong>for</strong>ests and<br />

agricultural soils. <strong>Manitoba</strong><br />

agriculture and <strong>for</strong>estry sectors<br />

could there<strong>for</strong>e benefit in a way<br />

that would also be consistent<br />

with sustainable agriculture and<br />

<strong>for</strong>estry practices.<br />

41

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