Carbon markets and regulations for participating in them are maturing as Canada seeks to achieve its goal of net-zero emissions by 2050. Proponents say this will allow communities to take part in greater numbers and help foster forestry skills, while preserving cultural values and biodiversity.. Some B.C. First Nations are demanding the provincial government give them more control over land-use decisions when it comes to forests on their territories.
Candice Wilson and Amanda Zinter have been promoting projects with numerous B.C. First Nations and say one could be announced in the coming months. The duo has been discussing the concept with the Haisla Nation on the West Coast, where Ms. Wilson is environment manager. The project generates roughly one million offset tonnes per year. The provincial government, which set up the market, is the main buyer of the credits as it seeks to offset its emissions, and the project has struggled to find other purchasers of the credits on offer.
There are complications, such as legal uncertainties that can affect lands not covered by treaties but claimed by First Nations in B.C. as traditional territory. However, the province has signed atmospheric benefit sharing agreements with several First Nations that clarify Indigenous rights and ownership and the right to sell credits.
After the dressing-down carbon credits received on their little environmental impact but big finance impact? I. can’t imagine they offer the protection to the land that many communities seek. Carbon credits were raked over the coals at Cop26 as being a bit of a scheme
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