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

Section 70.13.1 Disposition versions

2021-07-15

70.13.1. (Replaced).

O.C. 1125-2017, s. 44; O.C. 824-2021, s. 4.

2017-11-29

70.13.1. Every promoter must, when forwarding the first project report provided for in the third paragraph of section 70.5, send the first issuance request for offset credits to the Minister.

The promoter may then ask the Minister to issue offset credits at any time during the crediting period. The promoter must, however, send the application not later than 6 months following the end of the issuance period concerned.

Every issuance request for offset credits must include all the information and documents required by the protocol applicable to the project. In addition, it must include a declaration from the promoter attesting

(1)  that the promoter is the sole owner of the GHG emission reductions resulting from the project; if several parties are involved in the project, a copy of an agreement indicating that the parties have transferred their rights with respect to the reductions to the promoter must be included; and

(2)  that the promoter has not applied for credits for the GHG emission reductions targeted by the project under another GHG emission reduction program, and will not make such an application once the project is registered.

The term “issuance period” means the period of time during a crediting period when the promoter may apply for the issue of offset credits for which such an application has not yet been made.

O.C. 1125-2017, s. 44.