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Q-2, r. 46.1 - Regulation respecting a cap-and-trade system for greenhouse gas emission allowances
Section 6
Disposition versions
6. For system administration purposes, the Minister keeps the following accounts:
(1) an issuance account, containing the emission units created on the basis of the caps established in accordance with section 46.7 of the Environment Quality Act (chapter Q-2);
(1.1) an allocation account, containing the emission units available for allocation without charge, calculated in accordance with Part II of Appendix C of this Regulation;
(2) an auction account, containing the emission units to be sold at auction;
(3) a reserve account, containing emission units intended for sale by mutual agreement by the Minister or to be used to adjust the quantity of emission units allocated without charge;
(4) a retirement account, in which emission allowances retired from the system are recorded in accordance with this Regulation;
(5) an environmental integrity account, containing the offset credits that may be extinguished to replace the illegitimate offset credits not surrendered by a promoter;
(6) an invalidation account, containing offset credits issued and cancelled by a partner entity and emission allowances withdrawn from the environmental integrity account to replace illegitimate offset credits in accordance with the third and fourth paragraphs of section 70.5;
(7) a cancellation account in which cancelled emission allowances are recorded when created by error.
6. For system administration purposes, the Minister keeps the following accounts:
(1) an issuance account, containing the emission units created on the basis of the caps established in accordance with section 46.7 of the Environment Quality Act (chapter Q-2);
(1.1) an allocation account, containing the emission units available for allocation without charge, calculated in accordance with Part II of Appendix C of this Regulation;
(2) an auction account, containing the emission units to be sold at auction;
(3) a reserve account, containing emission units intended for sale by mutual agreement by the Minister or to be used to adjust the quantity of emission units allocated without charge;
(4) a retirement account, in which emission allowances retired from the system are recorded in accordance with this Regulation;
(5) an environmental integrity account, containing the offset credits that may be extinguished to replace the illegitimate offset credits not surrendered by a promoter;
(6) an invalidation account, containing offset credits issued and cancelled by a partner entity and emission allowances withdrawn from the environmental integrity account to replace illegitimate offset credits in accordance with the fourth paragraph of section 70.5;
(7) a cancellation account in which cancelled emission allowances are recorded when created by error.
6. For system administration purposes, the Minister keeps the following accounts:
(1) an issuance account, containing the emission units created on the basis of the caps established in accordance with section 46.7 of the Environment Quality Act (chapter Q-2);
(1.1) an allocation account, containing the emission units available for allocation without charge, calculated in accordance with Part II of Appendix C of this Regulation;
(2) an auction account, containing the emission units to be sold at auction;
(3) a reserve account, containing emission units intended for sale by mutual agreement by the Minister or to be used to adjust the quantity of emission units allocated without charge;
(4) a retirement account, in which emission allowances retired from the system are recorded in accordance with this Regulation;
(5) an environmental integrity account, containing the offset credits that may be extinguished to replace the illegitimate offset credits not surrendered by a promoter;
(6) an invalidation account, containing offset credits issued and cancelled by a partner entity and emission allowances withdrawn from the environmental integrity account to replace illegitimate offset credits in accordance with the fourth paragraph of section 70.21;
(7) a cancellation account in which cancelled emission allowances are recorded when created by error.
6. For system administration purposes, the Minister keeps the following accounts:
(1) an issuance account, containing the emission units created on the basis of the caps established in accordance with section 46.7 of the Environment Quality Act (chapter Q-2);
(1.1) an allocation account, containing the emission units available for allocation without charge, calculated in accordance with Part II of Appendix C of this Regulation;
(2) an auction account, containing the emission units to be sold at auction;
(3) a reserve account, containing emission units intended for sale by mutual agreement by the Minister or to be used to adjust the quantity of emission units allocated without charge;
(4) a retirement account, in which emission allowances retired from the system are recorded in accordance with this Regulation;
(5) an environmental integrity account, containing the offset credits that may be extinguished to replace the illegitimate offset credits not surrendered by a promoter;
(6) an invalidation account, containing offset credits issued and cancelled by a partner entity and offset credits withdrawn from the environmental integrity account to replace illegitimate offset credits in accordance with the fourth paragraph of section 70.21;
(7) a cancellation account in which cancelled emission allowances are recorded when created by error.
6. For system administration purposes, the Minister keeps the following accounts:
(1) an issuance account, containing the emission units created on the basis of the caps established in accordance with section 46.7 of the Environment Quality Act (chapter Q-2);
(1.1) an allocation account, containing the emission units available for allocation without charge, calculated in accordance with Part II of Appendix C of this Regulation;
(2) an auction account, containing the emission units to be sold at auction;
(3) a reserve account, containing emission units intended for sale by mutual agreement by the Minister or to be used to adjust the quantity of emission units allocated without charge;
(4) a retirement account, in which emission allowances retired from the system are recorded in accordance with this Regulation;
(5) an environmental integrity account, containing the offset credits that may be extinguished to replace the illegitimate offset credits not surrendered by a promoter;
(6) an invalidation account, containing offset credits issued and cancelled by a partner entity.
6. For system administration purposes, the Minister keeps the following accounts:
(1) an allocation account, containing the emission units created on the basis of the caps established in accordance with section 46.7 of the Environment Quality Act (chapter Q-2);
(2) an auction account, containing the emission units to be sold at auction;
(3) a reserve account, containing reserve emission units, along with any other emission allowance that must be recorded in the account in accordance with this Regulation, is intended for sale by mutual agreement by the Minister, or is used to adjust the quantity of emission units allocated without charge;
(4) a retirement account, in which emission allowances retired from the system are recorded in accordance with this Regulation;
(5) an environmental integrity account, containing the offset credits that may be extinguished to replace the illegitimate offset credits not surrendered by a promoter.
6. For system administration purposes, the Minister keeps the following accounts:
(1) an allocation account, containing the emission units created on the basis of the caps established in accordance with section 46.7 of the Environment Quality Act (chapter Q-2);
(2) an auction account, containing the emission units to be sold at auction;
(3) a reserve account, containing reserve emission units, along with any other emission allowance that must be recorded in the account in accordance with this Regulation, is intended for sale by mutual agreement by the Minister, or is used to adjust the quantity of emission units allocated without charge;
(4) a retirement account, in which emission allowances retired from the system are recorded in accordance with this Regulation.
