Output-Based Pricing System Regulations (SOR/2019-266)

The purpose of these Regulations is to implement an output-based pricing system for industrial GHG emissions with respect to covered facilities where industrial activities are engaged in. These Regulations set out (a) the manner in which a person responsible for a covered facility must, under Part 2 of the Act, provide a report that sets out the information with respect to the GHG emissions limit and cause the report to be verified; (b) the methods to quantify the GHGs from a covered facility and the production from each specified industrial activity engaged in at the covered facility; (c) the manner of determining the covered facility’s GHG emissions limit based on the facility’s production from each specified industrial activity and the applicable output-based standard; and (d) the manner in which compensation is provided for excess emissions and surplus credits are issued.