46.8. Subject to the conditions determined by regulation of the Government, the Minister may grant(1) the available emission units, either by allocating them without charge to emitters required to cover their greenhouse gas emissions, or by selling them at auction or by agreement to persons or municipalities determined by regulation of the Government;
(2) offset credits to emitters who, in accordance with the protocol made under the second paragraph, have reduced their greenhouse gas emissions or to persons or municipalities who avoid causing emissions or who capture, store or eliminate greenhouse gases in the course of activities and during a period determined by regulation of the Government;
(3) early reduction credits to emitters who are required to cover their greenhouse gas emissions and have voluntarily, during a period determined by regulation of the Government, reduced their emissions before the date on which they were legally required to cover them; and
(4) any other type of emission allowance determined by regulation of the Government.
The Minister may, by regulation, establish protocols to determine the eligibility of projects for offset credits and define the methods to be used by those projects to achieve and quantify reductions of greenhouse gas emissions.
After each allocation of emission units without charge, the Minister publishes on the Minister’s department’s website a list of the emitters that have received an allocation and the total number of emission units allocated without charge to all emitters.
2009, c. 33, s. 1; 2013, c. 16, s. 172; 2017, c. 42017, c. 4, s. 7612.