Q-2, r. 46.1 - Regulation respecting a cap-and-trade system for greenhouse gas emission allowances

Section 70.3 Disposition versions

2021-07-15

70.3. Every issuance request for offset credits must include the following information:

(1)  the information needed to identify the promoter and the promoter’s representative, if any;

(2)  the code assigned to the project by the Minister in accordance with the ministerial regulation that is applicable to it;

(3)  the start and end dates of each reporting period covered by the request;

(4)  the quantity of offset credits covered by the request.

In addition, every issuance request must include the following documents:

(1)  a project report for each reporting period covered by the request, consistent with the ministerial regulation that is applicable to the project;

(2)  a verification report on the project report or reports, consistent with the ministerial regulation that is applicable to the project and produced by a person qualified for that purpose within the meaning of the regulation.

O.C. 1184-2012, s. 45; O.C. 902-2014, s. 41; O.C. 824-2021, s. 4.

2014-10-22

70.3. An offset credit project must meet the following conditions:

(1)  it must be carried out by a promoter registered for the system in accordance with section 70.4, and the reductions in GHG emissions must result directly from an action or decision by the promoter;

(2)  it must be carried out in accordance with the applicable protocol appearing in Appendix D and meet the specified conditions;

(3)  the reductions in GHG emissions resulting from the project must belong to the promoter, and the promoter must be able to demonstrate that fact;

(4)  the reductions in GHG emissions must occur only within the boundaries of the project site and with regard to the GHG sources, sinks and reservoirs targeted by the project;

(5)  the reductions in GHG emissions must be permanent and irreversible;

(6)  the reductions in GHG emissions must be additional, that is that they meet the following conditions:

(a)  they must result from a project that is voluntary, that is that it is not being carried out, at the time or registration of renewal, in response to a legislative or regulatory provision, a permit or other type of authorization, an order made under an Act or regulation, or a court decision;

(b)  they must result from a project that goes beyond the current practices described in the applicable protocol for the project;

(7)  the reductions in GHG emissions for which offset credits are requested have not already received credit under this Regulation or another GHG emission reduction program;

(8)  the project must take place in a territory and geographic zone covered by the applicable protocol;

(9)  the GHG emission reductions must amount to at least 1 metric tonne CO2 equivalent;

(10)  the GHG emission reductions must be calculated in accordance with the methods prescribed in the applicable protocol listed in Appendix D, taking into account all adjacent GHG sources, sinks and reservoirs;

(11)  the GHG reductions resulting from the project must not be wholly or partly compensated by increases in GHG emissions occurring outside the boundaries of the project;

(12)  the reduced GHG emissions must be verifiable, that is that they can be objectively assessed by a verifier in accordance with this Chapter;

(13)  the activities carried out under the project must meet all the applicable requirements for the type of project and the place where it is carried out.

O.C. 1184-2012, s. 45; O.C. 902-2014, s. 41.

2012-12-19

70.3. An offset credit project must meet the following conditions:

(1)  it must be carried out by a promoter registered for the system in accordance with section 70.4, and the reductions in GHG emissions must result directly from an action or decision by the promoter;

(2)  it must be carried out in accordance with the applicable protocol appearing in Appendix D and meet the specified conditions;

(3)  the reductions in GHG emissions resulting from the project must belong to the promoter, and the promoter must be able to demonstrate that fact;

(4)  the reductions in GHG emissions must occur only within the boundaries of the project site and with regard to the GHG sources, sinks and reservoirs targeted by the project;

(5)  the reductions in GHG emissions must be permanent and irreversible;

(6)  the reductions in GHG emissions must be additional, that is that they meet the following conditions:

(a)  they must result from a project that is voluntary, that is that it is not being carried out, at the time or registration of renewal, in response to a legislative or regulatory provision, a permit or other type of authorization, an order made under an Act or regulation, or a court decision;

(b)  they must result from a project that goes beyond the current practices described in the applicable protocol for the project;

(7)  the reductions in GHG emissions for which offset credits are requested have not already received credit under this Regulation or another GHG emission reduction program;

(8)  the project must take place in a territory and geographic zone covered by the applicable protocol;

(9)  the GHG emission reductions must amount to at least 1 metric tonne CO2 equivalent;

(10)  the GHG emission reductions must be calculated in accordance with the methods prescribed in the applicable protocol listed in Appendix D, taking into account all adjacent GHG sources, sinks and reservoirs;

(11)  the GHG reductions resulting from the project must not be wholly or partly compensated by increases in GHG emissions occurring outside the boundaries of the project;

(12)  the reduced GHG emissions must be verifiable, that is that they can be objectively assessed by a verifier in accordance with this Chapter;

(13)  the project must meet all other applicable requirements for the type of project and the place where it is carried out.

O.C. 1184-2012, s. 45.