Players in the Canadian Market
Aggregator
Ideally, projects are of a sufficient size to justify transaction
costs. Sometimes however, buyers will have a larger purchase need than
a seller can offer, making the transaction costs too high to justify
the sale. Aggregators can solve this problem by bringing several
sellers with similar projects together to sell as one, larger project.
In addition to increasing the attractiveness of a sale, this process
spreads the transaction costs across more sellers. Aggregators may also
address the issue of creditworthiness because many are large enough and
carry sufficient security to satisfy buyers’ creditworthiness
requirements.
Broker/Marketers
Independent brokers will act in any emissions trading system to bring
buyers and sellers together and may act on behalf of either party.
Brokers are generally paid through a commission on the sale, like a
real estate agent, but alternative arrangements are possible. Marketers
may also be available to facilitate the process at any other point,
such as the production of documents or in project development.
Project Proponent
This is the individual or entity bringing the project/eligible emission
reductions through the offset system. The Project Proponent is
responsible for all fees and reports to be submitted and must provide
proof of his/her claim to the reductions/offsets. Offset credits will
be issued to the Proponent. Note: The Project Proponent does not have
to be the person undertaking the project. Someone representing the
party undertaking the project can serve as the Project Proponent.
Verifiers
All potential offset credits must be verified by an independent third
party. The verifier will ensure the quantification protocol or
methodology was followed and supporting information to verify a GHG
reduction claim is available. When completed, the verifier will produce
a verification report for submission to the Offset System Program
Authority on the project proponent’s behalf.
Please visit our section on market service providers for more information.
|
