Will require certain emitters to report emissions and will
set emission caps using a 1990 baseline.
On May 12, 2009, Québec's Minister of Sustainable
Development, Environment and Parks introduced a bill (Bill 42) to
amend Quebec's Environmental Quality Act and Other
Legislative Provisions in Relation to Climate Change to
Québec's National Assembly. Bill 42 aims at reducing
greenhouse gas (GHG) emissions. Bill 42 proposes a cap-and-trade
system which distances itself from the currently proposed Federal
system and which is more in line with what the new Obama
administration has suggested may be adopted in the United
When adopted, Bill 42 will establish:
the reporting of GHG emissions by certain categories of
emitters determined by regulation, so that an inventory of GHG
emissions may be taken and updated;
the ability of the Québec Government to set by order GHG
reduction targets using 1990 GHG emissions as the baseline. It is
currently expected that reduction targets will be phased in from
2012 to 2015 for certain electricity-producing companies and other
major industries that emit more than 25,000 tonnes of GHG a year,
and after 2015 for other emitters;
requirements for certain categories of emitters determined by
regulation to cover their GHG emissions with an equivalent number
of emission allowances, including emissions units, offset credits,
early reduction credits and other specified emission
a cap-and-trade system to assist emitters to achieve the GHG
reduction targets and to mitigate the cost of reducing or limiting
GHG emissions. It is expected that the cap-and-trade system will
allow persons and municipalities to trade emission allowances;
the ability of Québec's Minister of Sustainable
Development, Environment and Parks to enter into agreements with
foreign governments, international organizations and agencies for
the harmonization and integration of cap-and-trade systems;
that all funds collected by the Government under the
legislation will be used to finance GHG reduction, limitation or
avoidance measures, the mitigation of the economic and social
impact of emission reduction efforts, public awareness campaigns
and adaptation to global warming and climate change, or to finance
the development of and Québec's participation in related
regional and international partnerships.
It is currently expected that Bill 42 will be adopted by the end of
June and that the first set of regulations under the legislation
will be implemented in Fall 2009. It is also expected that emission
credits will be traded on the Montreal Climate Exchange (MCex) that
was launched last year.
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about your specific circumstances.
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