Quebec consults on draft Cap and Trade Regulation

The Government of Quebec has posted a draft Cap and Trade regulation for public consultation. Under the regulation, industries and electricity generators whose annual GHG emissions exceed 25 Kt CO2e will be subject to capping and reducing of GHG emissions. The system will come into effect on January 1st 2012 but the first year will be a transition year without binding requirements. Enforcement will begin on January 1st 2013 and the system will be expanded to importers and distributors of fuel on January 1st 2015. The system is based on the Cap and Trade System rules published by the Western Climate Initiative in 2010.

The public consultation is open for comments until September 4th 2011.

Details are available at http://www.mddep.gouv.qc.ca/changements/plan_action/projet-reglement/droits-emission-ges_en.htm

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