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

Section 66 Disposition versions

2012-12-19

66. Every emitter referred to in the first paragraph of section 2 that is required to cover its GHG emissions starting with the compliance period starting on 1 January 2013 is eligible for early reduction credits if the reductions

(1)  result directly from an action or decision of the emitter and began during the eligibility period determined in the first paragraph of section 65;

(2)  are made in one of the emitter’s covered establishments;

(3)  reduce the GHG emissions that the emitter is required to cover pursuant to section 19;

(4)  belong to and can be demonstrated by the emitter;

(5)  are calculated using the same calculation method and the same factors for each of the years 2005 to 2011;

(6)  represent at least 1 metric tonne CO2 equivalent;

(7)  do not result from a decrease in production or the closure of an establishment, or from an increase in GHG emissions at another establishment located in Québec or elsewhere;

(8)  are voluntary, meaning that they were not made in response to a legislative or regulatory provision, a permit or another type of authorization;

(9)  are permanent and irreversible;

(10)  are additional, meaning that they meet the following conditions:

(a)  the average annual GHG emissions of the establishment during the reduction period are below those of the reference period;

(b)  the average intensity compared to at least 1 reference unit referred to in Table B of Part I of Appendix C during the reduction period, calculated using equation 66-1 below, is below the average intensity for the reference period, calculated using equation 66-2:

Equation 66-1

Equation 66-2

Where:

I Reduction j = Average intensity of GHG emissions for reference unit j during the reduction period;

I Reference j = Average intensity of GHG emissions for reference unit j during the reference period;

j = Reference unit for the establishment referred to in Table B of Part I of Appendix C;

GHGij = GHG emissions of the establishment, relating to the production or use of reference unit j for year i, in metric tonnes CO2 equivalent;

i = Year;

n = First year of the reduction period;

Pij = Annual quantity of reference units j produced or used by the establishment for year i;

(11)  are verifiable; and

(12)  have not been credited or financed, in whole or in part, under another cap-and-trade system for GHG emission allowances or a reduction program for GHG emissions.

However, reductions in GHG emissions resulting from on-site transportation activities and the sequestration of GHG emissions are not eligible for early reduction credits.

O.C. 1297-2011, s. 66; O.C. 1184-2012, s. 42.

2012-09-01

66. Every emitter referred to in the first paragraph of section 2 that is required to cover its GHG emissions starting with the compliance period starting on 1 January 2013 is eligible for early reduction credits if the reductions

(1)  result directly from an action or decision of the emitter and began during the eligibility period determined in the first paragraph of section 65;

(2)  are made in one of the emitter’s covered establishments;

(3)  reduce the GHG emissions that the emitter is required to cover pursuant to section 19;

(4)  belong to and can be demonstrated by the emitter;

(5)  are calculated using the same calculation method and the same factors for each of the years 2005 to 2011;

(6)  represent at least 1 metric tonne CO2 equivalent;

(7)  do not result from a decrease in production or the closure of an establishment, or from an increase in GHG emissions at another establishment located in Québec or elsewhere;

(8)  are voluntary, meaning that they were not made in response to a legislative or regulatory provision, a permit or another type of authorization;

(9)  are permanent and irreversible;

(10)  are additional, meaning that they meet the following conditions:

(a)  the average annual GHG emissions of the establishment during the reduction period are below those of the reference period;

(b)  the average intensity compared to at least 1 reference unit referred to in Table B of Part I of Appendix C during the reduction period, calculated using equation 66-1 below, is below the average intensity for the reference period, calculated using equation 66-2:

Equation 66-1

Equation 66-2

Where:

I Reduction = Average intensity of GHG emissions during the reduction period;

I Reference = Average intensity of GHG emissions during the reference period;

m = Total number of types of reference units j at the establishment for which average emission intensity has decreased;

j = Reference unit for the establishment referred to in Table B of Part I of Appendix C;

GHGij = GHG emissions of the establishment, relating to a reference unit j for year i, in metric tonnes CO2 equivalent;

i = Year;

n = First year of the reduction period;

Pij = Annual quantity of reference units j produced or used by the establishment for year i;

(11)  are verifiable; and

(12)  have not been credited or financed, in whole or in part, under another cap-and-trade system for GHG emission allowances or a reduction program for GHG emissions.

However, reductions in GHG emissions resulting from on-site transportation activities and the sequestration of GHG emissions are not eligible for early reduction credits.

O.C. 1297-2011, s. 66.