Canada is developing a framework to trade internationally transferred mitigation outcomes (ITMOs) under Article 6 of the Paris Agreement. The policy could open new export and investment channels for Canadian carbon removal, nature-based solutions, and clean technology, while linking domestic projects to global buyers. Federal officials are consulting provinces, territories, and Indigenous groups before finalizing rules. The integrity of the system will depend on accounting standards: credits must be additional, verified, and counted only once. Canada's move follows a $13 billion pledge to international climate finance and aligns with efforts to scale carbon dioxide removal industries. For investors, clear authorization and ownership rules could lower risk and attract private capital to long-term mitigation projects.
