Emissions Trading Regulation
Bill 18 – 2008: Greenhouse Gas Reduction (Cap and Trade) Act (the Act) authorized hard caps on greenhouse gas emissions, which made British Columbia the first Canadian province to introduce such legislation. It provided authority for the Reporting Regulation (enacted in November 2009). The Act provided the statutory basis for setting up a market-based cap and trade framework to reduce greenhouse gas emissions from large emitters operating within the province. The Act was repealed on December 31, 2015 by the Greenhouse Gas Industrial Reporting and Control Act (GGIRCA).
An Emissions Trading Regulation was proposed, which would establish an efficient, fair market for trading cap-and-trade compliance units, with clear rules on how allowances are created, distributed, traded, tracked and retired for compliance.
The Climate Action Secretariat (CAS), Ministry of Environment prepared a consultation paper and an accompanying response form to provide information on the proposed regulation and solicit comments from stakeholders, First Nations, and the general public on the elements of the proposed emissions trading program for British Columbia.
October 22 to December 6, 2010
The public had the opportunity to review and comment on consultation papers that outlined the major components and operation of the proposed regulation. 39 responses to the consultation paper were received, both the consultation papers and responses are available below:
- Consultation Backgrounder(PDF)
- Consultation on the Proposed Emissions Trading Regulation(PDF)
- Emissions Trading Regulation – Public Comments Summary(PDF)
Input leads to action:
Parts of the Act were brought into force when the Reporting Regulation was enacted; however, this act was repealed on December 31, 2015 by the Greenhouse Gas Industrial Reporting and Control Act, and the Reporting Regulation was replaced by the Greenhouse Gas Emission Reporting Regulation.