Sunday, January 01, 2012 4:58:06 PM
Regulation.”
Quebec has adopted a regulation for a cap-and-trade system for
GHG emission allowances, according to the Minister of Sustainable
Development, Environment, and Parks. Industries that emit 25,000
tonnes or more of CO2 equivalent per year will be subject to the
system, which will begin a transition year on January 1, 2012, allowing emitters to familiarize themselves with how the system works and make the necessary adjustments. The system will be officially enforced on January 1, 2013, at which point all emitters will be required to meet their new obligations for capping and reducing GHG emissions. Beginning in 2015, companies that import or distribute fuels in Quebec that are used in the transportation and building sectors, and whose emissions
exceed the 25,000-tonne threshold, will also be subject to capping and reducing emissions. For more information, visit: http://www.mddep.
gouv.qc.ca/changements/carbone/Systeme-plafonnement-droits-GESen.htm.
December 15, 2011,
http://www.westernclimateinitiative.org/
news-and-updates/139-quebec-adopts-cap-and-trade-regulation
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