CALGARY, Alberta, March
8, 2004 (ENS): The government of Canada has launched a
new call for proposals for greenhouse gas emission reduction projects
under the Pilot Emission Removals, Reductions and Learnings (PERRL)
initiative. Successful proposals will use forests and crops to store
the most prevalent greenhouse gas carbon dioxide (CO2), which is
emitted by the burning of fossil fuels - coal, oil and gas.
PERRL is seeking proposals to enhance carbon sinks on agricultural
and forest land. Forests and agricultural soils absorb and store
CO2 from the atmosphere, and the government sees them as playing
a key role in Canada’s efforts to address climate change.
PERRL offers Canadian companies and organizations economic incentive
to take immediate action to reduce greenhouse gas emissions through
projects in sectors such as landfill gas capture, renewable energy
and carbon sinks.
PERRL is also intended to help public and private sector organizations
develop a better understanding of how several key elements of emissions
trading work. Emissions trading may be an important element in Canada’s
overall climate change strategy, the government says.
Through PERRL, the government of Canada purchases greenhouse gas
emission reductions and removals from qualified projects on a fixed
price per metric ton basis. Projects are selected and reductions
are purchased through a competitive auction process.
The first round of proposals, launched in 2002, secured commitments
to achieve close to 900,000 tons of greenhouse gas emissions reductions
from Canadian landfills by the end of 2007, at an average cost of
just over C$3.30 per ton.
In the second round, PERRL called for proposals for renewable energy
projects. These proposals are currently being reviewed and results
will be announced shortly.
This latest auction round will provide $2.5 million to new carbon
sink enhancement projects, split equally between agriculture and
forestry. A final round of bids will be called later in 2004, inviting
proposals for projects in all areas covered under previous rounds
- landfill gas capture and combustion, CO2 capture and geological
storage, renewable energy and carbon sinks.
The provincial and territorial governments were active and constructive
partners in developing PERRL, and there is ongoing opportunity for
them and other potential partners to participate in the program.
Alberta’s Climate Change Central is a partner in PERRL, having
contributed $50,000 to sponsor the purchase and retirement of emission
reductions from Alberta based projects.
Through PERRL, municipalities, industry and other partners have
demonstrated Canadian excellence in developing innovative climate
change solutions that serve the environment, the economy and society,
while contributing to the achievement of our international commitments.
PERRL project submissions for the current round are being accepted
until April 6, 2004 via the MERX electronic tendering service at:
Visit the PERRL Web site at: http://www.ec.gc.ca/PERRL
for full details on PERRL and on how to participate in this program.