Overview

Description

The government of Quebec established a crediting program that issues Quebec offset credits intended for subject entities wanting to useing them to meet compliance obligations under the ETS. Those credits can also be retired voluntarily by market participants or exchanged on the market. A reform of the offset regulatory framework was adopted in 2021. The reforms allow the Minister to adopt a ministerial offset regulation for each project type (replacing protocols embedded in the ETS regulation), thereby facilitating the revision process and adoption of new regulations.

Recent Developments

The Regulation respecting afforestation and reforestation projects eligible for the issuance of offset credits on privately-owned land was amended, with the government formally adopting the changes on February 25, 2025.

Relation to Compliance Carbon Pricing Instruments or other Voluntary Schemes in the country

Quebec ETS, California ETS

Eligible Activities

Industrial Gases/Manufacturing

Waste