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The Carbon Market

The Québec Cap and Trade System for Greenhouse Gas Emissions Allowances

The C&T system is intended for companies in the industrial and electricity sectors that emit 25,000 metric tons or more of CO2 equivalent annually (ex: aluminum smelters, cement factories, electricity producers, etc.), as well as fossil fuel distributors that must cover GHG emissions associated with all products they distribute in Québec (gasoline, diesel fuels, propane, natural gas and heating oil).

The primary objective of the C&T system is to reduce GHG emissions in the highest emitting sectors, i.e., transportation, industry and building, by promoting energy efficiency as well as the use of energy from renewable sources. The carbon market therefore stimulates creativity as well as technological and business innovation by fostering the emergence of new low carbon drivers for economic development.