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