Climate Change Legal Roadmap

Currently, the GHG Emission Control Reg determines the price for a funded unit (equals one tonne of CO2e) at $25.42 2.4.8 Transactions of Compliance Units Another main element of the BC GHG IRCA is the creation of a carbon registry.43 The BC carbon registry is further dealt with in the GHG Emission Control Reg.44 Operators of regulated operations that need to use compliance units in order to achie [...] The CCMLEA creates a regulatory scheme “(a) to reduce greenhouse gas in order to respond to climate change, to protect the environment and to assist Ontarians to transition to a low-carbon economy; and (b) to enable Ontario to collaborate and coordinate its actions with similar actions in other jurisdictions in order to ensure the efficacy of its regulatory scheme in the context of a broader inter [...] The CCMLEA authorizes the Minister to enter into one or more agreements with representatives of other jurisdictions for the harmonization and integration of the Ontario cap and trade program with corresponding programs of those jurisdictions.116 The recognition of cap and trade schemes 107 ON CTP Reg, ibid, s 71(1). [...] The elements that are delegated to the WCI are: (1) the development, housing, management and maintenance of the electronic system; (2) regarding auctions and sales by mutual agreement of emission units, such as (a) the reception of registrations for those auctions or sales; (b) the management of financial guarantees submitted; (c) the administration of those auctions or sales, their supervision an [...] WCI)), if the greenhouse gas emissions are 25,000 tonnes CO2e or more.136 In addition, the ETS scheme applies to the distribution of 200 litres or more of fuel.137 4.3.3 Emission Cap Québec’s emission cap results from the statutory limit on the number of emission allowances issued by Québec and the statutory obligation to submit emission allowances for emitted carbon.138 Regulated emitters must co