For example, emissions from a thermal power plant in Alberta could be offset by initiatives that reduce emissions from vehicles or space heating, or capture landfill methane. These reductions could occur in Alberta, elsewhere in Canada, or in another country. Properly designed international offsets provide opportunities to enhance international development at a time of reduced financial aid from many countries and, when properly designed, provide environmental and socio-economic benefits beyond climate change mitigation. Additional benefits include increased biodiversity, reduced acid deposition, and employment in the host country.
Climate change is a global issue requiring global solutions.
A JI project is, in simple terms, an international project which results in a real, measurable and long-term reduction in net GHG emissions in a host country. For Canadians, JI projects can enhance prospects in new and existing markets for Canadian goods and services. These projects also provide an opportunity to demonstrate the viability of the voluntary approach to mitigative actions on climate change. JI projects reinforce international efforts to work with developing countries in addressing climate change while also contributing to their community, social and economic development. For the host country, JI projects provide the opportunity to acquire new technology, new investment capital, new trade opportunities and expertise on mitigative actions.