70.2. GHG emission reduction projects referred to in a protocol appearing in Appendix D, that began on or after 1 January 2007, are eligible for the issue of offset credits.
Only projects implemented in Québec are eligible for the issue of offset credits under the first paragraph, except if otherwise provided for in a protocol.
Subject to any specific period provided for in a protocol, an offset credit project must be conducted during a period of not more than 10 consecutive years. The period constitutes, for the purposes of this Chapter, a crediting period for the issue of offset credits, also called a “crediting period” , during which the project remains eligible until the expiry of the period.
At the expiry of that period, the promoter may, in accordance with this Chapter, request the renewal of the offset credit project, for the period applicable to this type of project, when the project still meets the conditions of section 70.3.
For the purposes of this Chapter, an offset credit project is considered to begin on the date of the first reductions in GHG emissions resulting from the project.
O.C. 1184-2012, s. 45; O.C. 902-2014, s. 40; O.C. 1125-2017, s. 371.