3. A project is eligible for the issuance of offset credits under section 46.8.2 of the Environment Quality Act (chapter Q-2), for the eligibility period provided for in Chapter II of this Title, if it involves either implementing an afforestation or reforestation activity or implementing a combination of such activities on a single lot or part of a lot and if it meets the following conditions:(1) the project is implemented by a promoter registered for the cap-and-trade system for greenhouse gas emission allowances in accordance with section 7 or 8 of the Regulation respecting a cap-and-trade system for greenhouse gas emission allowances (chapter Q-2, r. 46.1), if the promoter is domiciled in Québec in the case of a natural person or has an establishment in Québec in other cases; (2) the carbon sequestrations attributable to the project are realized on the promoter’s initiative, without the promoter being required to do so when the project is filed in accordance with Title IV by a law or regulation, an authorization, an order made under a law or regulation, or a court decision.