|Policy status:||In Force|
|Policy Type:||Economic Instruments>Market-based instruments>GHG emissions trading|
|Climate Change Policy Targets:||Resilience / Adaptation|
|Agency:||Quebec Ministry of Energy and Natural Resources|
|Climate Change Description:|
The purpose of the offset credit component is to decrease compliance costs borne by an emitter without undermining the system’s environmental integrity. Purchasing offset credits can enable an emitter subject to Quebec’s cap-and-trade regulation to meet regulatory compliance obligations. The use of offset credits as a means of regulatory compliance has been limited to 8% in order to maximize emission reductions by entities and sources covered by the system.
Only offset credit projects that are voluntarily implemented by a promoter (individual, organization or company) wishing to reduce or sequester greenhouse gas emissions in sectors of activity or sources other than those subject to the Regulation’s compliance obligations are eligible to receive offset credits.
Last modified: Thu, 21 Jan 2016 15:51:43 CET