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"Carbon Competitiveness Incentive Regulation "

Carbon Competitiveness Incentive Regulation

The regulation requires large industrial emitters of greenhouse gases (facilities emitting 100,000 tonnes of carbon dioxide equivalent or more in 2003 or any subsequent year) to meet a product-specific greenhouse gas emissions benchmark by reducing emissions on-site, using emission offsets, using emission performance credits, or paying into the Climate Change and Emissions Management Fund. Facilities that emit less than 100,000 tonnes but face high carbon costs and vulnerability to competitive market conditions may choose to "opt-in" to the regulation if they meet eligibility requirements. Facilities that emit over 1,000,000 tonnes of carbon dioxide equivalent per year are required to submit an annual forecast and report on a quarterly basis.
 
    Chapter/Regulation: 255/2017
    Status: Current
    Related Act
    Ministry Responsible: Environment and Parks
    Item/ISBN#: 9780779800193
    Regulation-Making Authority: Order In Council
    Pages 40
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