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

Article 66 Versions de la disposition

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.