Q-2, r. 46.1 - Regulation respecting a cap-and-trade system for greenhouse gas emission allowances

Section 54 Disposition versions

2022-09-01

54. Emission units of the vintage of the current or a previous year that remain unsold after an auction may be put up for sale as soon as the final sale price of the emission units has been above the minimum price for 2 auctions, except for units allocated without charge to be auctioned in accordance with Division II of this Chapter, which are put up for sale at the next auction.

Emission units of the vintage of a year subsequent to the year of the auction are put up for sale again when their vintage becomes the vintage of the current year.

However, the quantity of emission units put up for sale again in accordance with the first paragraph cannot exceed 25% of the quantity of emission units initially planned for the auction and cannot, for units allocated without charge to be auctioned, increase the total quantity of emission units put up for sale at the next auction.

All emissions units to be auctioned that have not been sold at the expiry of a 3-year period after first being put up for sale as units of the vintages of the current year or of the previous years are transferred to the Minister’s reserve account.

O.C. 1297-2011, s. 54; O.C. 1184-2012, s. 34; O.C. 902-2014, s. 35; O.C. 1462-2022, s. 41.

2014-10-22

54. Emission units of the vintage of the current or a previous year that remain unsold after an auction may be put up for sale as soon as the final sale price of the emission units has been above the minimum price for 2 auctions.

Emission units of the vintage of a year subsequent to the year of the auction are put up for sale again when their vintage becomes the vintage of the current year.

However, the quantity of emission units put up for sale again in accordance with the first paragraph cannot exceed 25% of the quantity of emission units initially planned for the auction.

O.C. 1297-2011, s. 54; O.C. 1184-2012, s. 34; O.C. 902-2014, s. 35.

2012-12-19

54. Emission units of the vintage of the current year or of previous years that remain unsold after an auction are put up for sale at a later date when, for 2 consecutive auctions, the final sale price of the emission units was above the minimum price.

Emission units of the vintage of a year subsequent to the year of the auction are put up for sale again when their vintage becomes the vintage of the current year.

However, the quantity of emission units put up for sale again in accordance with the first paragraph cannot exceed 25% of the quantity of emission units initially planned for the auction.

O.C. 1297-2011, s. 54; O.C. 1184-2012, s. 34.

2012-09-01

54. Emission units that remain unsold after an auction are retained for an auction at a later date.

However, when emission units remain unsold more than 3 years after first being offered for auction, the Minister places the units in the Minister’s reserve account. The serial numbers of the emission units are replaced by numbers corresponding to Category C emission units placed on reserve.

O.C. 1297-2011, s. 54.