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ARTICLE · 28 OCTOBER 2010

Towards an Emissions Trading System: B.C. Releases Consultation Papers for Cap and Trade Regulations

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The B.C. Ministry of Environment (MOE) has released consultation papers for two proposed regulations under the Greenhouse Gas Reduction (Cap and Trade) Act (the Cap and Trade Act): (i) Emissions Trading Regulation; and (ii) Cap and Trade Offsets Regulation.

CanadaEnvironment
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Blake, Cassels & Graydon LLP
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Copyright 2010, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Environmental Law/CleanTech, October 2010

The B.C. Ministry of Environment (MOE) has released consultation papers for two proposed regulations under the Greenhouse Gas Reduction (Cap and Trade) Act (the Cap and Trade Act): (i) Emissions Trading Regulation; and (ii) Cap and Trade Offsets Regulation.

The Cap and Trade Act, which received Royal Assent on May 29, 2008, provides the regulatory framework for the province's participation in the Western Climate Initiative's (WCI) proposed cap-and-trade system. The WCI's cap-and-trade program has a planned start date of January 1, 2012. The purpose of the consultation papers is to seek comments from stakeholders, First Nations and the general public on the two proposed regulations. The deadline for comments is December 6, 2010 and the proposed regulations are expected to be finalized in early 2011.

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