Debates of March 11, 2020 (day 17)
Question 179-19(2): Carbon Offsets
Thank you, Mr. Speaker. I previously asked questions on carbon offsets to the Minister of ENR and, in time, I will ask them to the Minister of Infrastructure to make sure that any green energy projects can access what is an ever-increasing pool of funding, but I guess, since it's money-related, I will ask the Minister of Finance today: can the issue of carbon offsets be provided to the relevant climate change committee and a policy document be produced?
Thank you, Member for Yellowknife North. Minister of Finance.
Mr. Speaker, in contrast to some of my previous responses, I'll just say yes. Thank you, Mr. Speaker.
I appreciate that answer. The importance here is that carbon offset pools are increasingly becoming a more and more common, larger pool of money to tap into. The federal government is looking at setting up a credit scheme nation-wide, and I don't want the Northwest Territories to be left behind. One of my concerns with this is that it's not really built into our energy strategy or our climate change strategy, so I want to make sure that we look into this properly. Can the Minister work with her counterparts in Infrastructure and ENR and make sure there are some clearer points of accountability for who is responsible, ultimately, for the many aspects of carbon offsets?
I think I have all-around good news on this one. There are two different questions coming out of the Member's question just now. The first was with respect to the carbon offset program that is being developed by the federal government, and I am pleased to tell the House that, indeed, Department of Finance officials are already working with their federal counterparts on this so that we certainly will not be left out, and we want to ensure that we have an appropriate place at that table.
Then, second, with respect to having a clear point of accountability, this is, again, good news. Climate change is a project that is receiving collaboration from a real whole-of-government approach. Many departments are involved, and that is a positive thing. It's bringing together the many different facets of this issue. I acknowledge the Member's point and the challenge he is having asking questions of Cabinet, and so I would certainly commit to ensuring that there is a clear point of accountability that can answer to all of these different facets, or that I can direct to Member to which aspect of the collaboration will respond to questions. I will make sure that that is communicated.
I appreciate that answer, and I recognize that this is a new area, but I think carbon offsets and carbon trading are only going to get bigger and they are only going to become a greater source of revenue for the Northwest Territories and green projects. I'm happy to hear that we are working with the Minister of Environment and Climate Change Canada to make sure we have input into that carbon credit scheme that's being developed nation-wide, so I guess my question to the Minister of Finance is: can we direct the staff who are doing that to make sure that the priorities of the North, and perhaps a carve-out for northern credits and our unique situation, are reflected and we advocate for that in that policy?
As I said, the Department of Finance is already active on this file. They are already engaged at the federal level, and the point of engagement at the federal level is always to ensure that the people of the Northwest Territories and the needs of the Northwest Territories are being fully considered. I am confident that that will happen. I am confident that that will happen in the follow-up to this conversation here in the House, and I am quite confident that, indeed, if carbon offsets are a direction that the federal government moves to, we will be, as I've said, engaged and involved and we will not let ourselves fall behind on the issue.
Thank you, Minister. Oral questions. Member for Nunakput.