Québec, July 24, 2015. – The ministère du
Développement durable, de l’Environnement et de la Lutte contre les changements
climatiques (MDDELCC) announced today that its first sale by mutual agreement will
be held on September 22, 2015. This sale, as provided
for in the Regulation respecting a cap-and-trade system for greenhouse gas
emission allowances, is meant to offer an additional alternative to emitters
who might otherwise experience difficulty in obtaining necessary emissions
units to meet their compliance requirements to do so.
Within the carbon
market, companies subject to the cap-and-trade system who emit greenhouse gases
(GHG) in excess of 25,000 metric tonnes CO2 equivalent must acquire
an amount of emissions units to cover their emissions before the end of each
compliance period. For the 2013-2014 compliance period, these companies have
until November 2, 2015 to submit admissible units required to cover their GHG
The publication of the
Sale Notice, which includes the number of emissions units for sale, the prices
per category, and application requirements, marks the beginning of the application
period. The application period closes on August 21, 2015.
The Sale Notice is
available on the MDDELCC’s website: http://www.mddelcc.gouv.qc.ca/changements/carbone/Ventes-gre-ministre-en.htm.
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