ARTICLE · 20 AUGUST 2015

Québec Cap-And-Trade System: Important Deadlines For Regulated Emitters

Davies Ward Phillips & Vineberg LLP

Under Québec's cap-and-trade system, regulated emitters have until November 1, 2015, to ensure that their verified emissions do not exceed their greenhouse gas (GHG) emission allowances.

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Under Québec's cap-and-trade system, regulated emitters have until November 1, 2015, to ensure that their verified emissions do not exceed their greenhouse gas (GHG) emission allowances. Failure by regulated entities to cover their GHG emissions with a sufficient number of emission units can result in severe sanctions. In light of this deadline, Québec's Minister of Sustainable Development, Environment and the Fight Against Climate Change announced a sale by mutual agreement of GHG emission units to be held on September 22, 2015. It is not expected that there will be another opportunity to acquire units for the first compliance period through government-administered means.

Eligible emitters have until Friday, August 21, 2015, to obtain an approved account and complete an application to participate in the sale via the Compliance Instrument Tracking System Service (CITSS) auction platform. An emitter will be an eligible participant if it currently holds no emission

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Québec Cap-And-Trade System: Important Deadlines For Regulated Emitters

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