The present Regulation, consisting of 41 sections divided into five Parts and completed by two Schedules, provides for the enactment of the Climate Change and Emissions Management Act. Part 2 establishes the output-based allocation for a facility; duty to not exceed output-based allocation; determination of net emissions Assigned Benchmarks; etc. Part 3 specifies the Emission Offsets, Emission Performance Credits and Fund Credits (including: Emission performance credits; Fund credits; Use of emission offsets; No right to emission offsets). This Regulation applies to the following facilities: a) facility that has total regulated emissions of 100,000 tonnes or more in 2003 or a subsequent year; b) an opted-in facility. Notwithstanding subsection (1)(a), if a facility other than an opted-in facility first has total regulated emissions of 100,000 tonnes or more in 2018 or a subsequent year, this Regulation does not begin to apply to the facility until the year after the year in which the facility first has total regulated emissions of 100,000 tonnes or more. Schedule 1 lists Specified Gases and Schedule 2 specifies Established Benchmarks for Products.
Canada · 2017-12-18