Quebec Cap and Trade Begins

Starting on January 1, 2012, Quebec begins a one-year transition period to help large carbon emitters in the province adjust to its cap and trade policy. The full program will start in 2013 and will require companies which produce more than 25,000 tonnes of greenhouse gases per year (about 75 companies, mainly aluminum and mining) to reduce their carbon footprint or buy clean-air credits at $10 per tonne of greenhouse gases. A Globe and Mail article is at: http://www.theglobeandmail.com/news/politics/quebec-goes-it-alone-with-cap-and-trade-climate-plan/article2273374/

 

The text of the draft regulation is available in the Quebec Official Gazette in English at: http://www.mddep.gouv.qc.ca/changements/plan_action/projet-reglement/droits-emission-ges_an.pdf

and in French at:

http://www.mddep.gouv.qc.ca/changements/carbone/reglementPEDE.pdf

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