Theme - Carbon Offset Opportunities
CUTRIC OPTA RESEARCH PROPOSAL.pdf
In December 2016, OPTA engaged CUTRIC to undertake a collaborative consultation process with Ontario transit systems, the outcome of which will be a transit-led Cap and Trade submission for the Ontario government by Fall 2017. To date, it is unclear whether Cap and Trade in the future will grant credits to transit agencies as they convert to low or zero-carbon options. As part of its assessment and analysis, CUTRIC will explore the potential for new revenue generation within transit agencies, as they transition to greener fleets or as ridership grows and displaces single occupancy vehicles. This assessment will include recommendations to government as to how transit could or should be enabled to generate carbon credits or offsets that can be sold in a carbon marketplace in the future.