The cap-and-trade system (System) will require the registration
of "emitters," which is broadly defined as persons and
municipalities who produce more than 25,000 tonnes of
CO2 equivalent per year at an establishment, and who i)
conduct an enterprise in electric or natural gas utilities, mining,
oil and gas exploration, steam and air conditioning supply,
manufacturing or gas pipelines; ii) acquire electricity generated
outside of Quebec, or iii) manufacture and distribute hydrocarbon
fuels in Quebec.
Emitters must verify their emissions during certain compliance
periods (the first period commencing January 1, 2013 and ending
December 31, 2014), and must cover their emissions above a
"cap" with offset credits issued by the Quebec Minister
of Sustainable Development, Environment and Parks (Minister), or by
a government with whom Quebec has agreed to recognize their offset
credits. Emission allowances may be traded with other emitters or
participants in the System, or may be purchased from the Minister.
Emissions reductions made during the eligibility period from
January 1, 2008 to December 31, 2011 may also be used as early
Failure to cover emissions in excess of the cap will lead to an
administrative sanction equal to a deduction of 3 emission units or
early reduction credits for each missing allowance required to
cover the excess. Contravention of the Regulation may result in
fines up to $250,000 for a legal person, or any person or
municipality operating an enterprise.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Canada is a constitutional monarchy, a parliamentary democracy and a federation comprised of ten provinces and three territories. Canada's judiciary is independent of the legislative and executive branches of Government.
In Bank of Montreal v Bumper Development Corporation Ltd, 2016 ABQB 363, the Alberta Court of Queen's Bench enforced the "immediate replacement" provision in the Canadian Association of Petroleum Landmen 2007 Operating Procedure...
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).