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Q-2, r. 46.1 - Regulation respecting a cap-and-trade system for greenhouse gas emission allowances
Section 40.1
Disposition versions
40.1. To be considered in the calculation of emission units allocated without charge referred to in the first, second, fifth and seventh paragraphs of section 40, any change to the information provided for in subparagraph 4 of the first paragraph of section 7 and provided by the emitter when registering for the system must be sent to the Minister, together with any supporting document, not later than 1 June following the end of the compliance period affected by the change. Any change sent to the Minister within the time limit applies from the beginning of that compliance period.
In addition, to be considered in the calculation of emission units allocated without charge, any change concerning the type of reference unit used must be sent to the Minister not later than 1 June prior to the beginning of a compliance period. Any change sent within the time limit applies from the beginning of that compliance period.
Beginning in the year 2024, when the changes to the information provided for in subparagraph 4 of the first paragraph of section 7 lead to an increase in the number of emission units allocated without charge to be auctioned, they are paid by the Minister into the Minister’s auction account. When the changes lead to a decrease in the number of such units, an equivalent number of emission units is deducted from the next payments of the emission units allocated without charge to that emitter to be auctioned.
