The Carbon Market

Documentation

Publications and forms

• Registration to cap-and-trade system
• Allocation of emission units without charge
• Emission allowance holding and trading
• Compliance
• Auctions and sales by mutual agreement with the Minister
• Offset credits
• Market Notice
• WCI
• General

Regulations

Publications and forms

Registration to cap-and-trade system

• Forms and Sample Letter Templates
  • Application Form to Opt-in (PDF, 1.2 MB)
  • Attestation of Verification of Identity and Designation (PDF, 1.3 MB)
• Financial Institution Confirmation Letter (sample) (PDF, 90 KB)
• Cross-jurisdiction User (PDF, 2.2 MB)
• Structure and Business Relationships Disclosure Form (PDF, 3.4 MB - Acrobat Reader version 10 and up)
• Early registration application form (PDF, 1,7 MB)
• CITSS User Manual
  • Volume 1: User Registration (PDF, 2.1 MB)
  • Volume 2: User Profile Management (PDF, 1.3 MB)
  • Volume 3: Opening an Account (PDF, 2.7 MB)
  • Volume 4: Account Management (PDF, 1.1 MB)
• Covered Emitters and Registered Entities for the Cap-and-Trade System in Québec and in Other Linked Jurisdictions

Allocation of emission units without charge

• Quantity of Emission Units Allocated Without Charge and List of Beneficiary Emitters (French, PDF, 1.2 MB) - April 26, 2023
• Presentation on the 2024-2030 Free Allocation Rules (PDF, 2,5 MB) - (June 2022 Public Consultation)
• Impacts of the 2024-2030 rules for the Allocation without Charge of Emission Units on the Economy and on the Reduction of Greenhouse Gas Emissions (PDF, 4,5 MB)
• Technical Manual on the Carbon Pricing Ratio (PDF, 3,3 MB) - January 14, 2022
• Data Base: Carbon Pricing Ratio (French, Excel, 108 KB)

Emission allowance holding and trading

• Linked California and Québec Cap-and-Trade Programs Compliance Instrument Report ( Excel, 46 KB) - April 5, 2023
• Balance of previous accounts:
  • January 6, 2023 ( Excel, 90 KB)
  • October 5, 2022 ( Excel, 87 KB)
  • July 7, 2022 ( Excel, 88 KB)
  • April 5, 2022 ( Excel, 87 KB)
  • January 7, 2022 ( Excel, 86 KB)
  • October 5, 2021 ( Excel, 86 KB)
  • July 6, 2021 ( Excel, 82 KB)
  • April 6, 2021 ( Excel, 79 KB)
  • January 7, 2021 ( Excel, 79 KB)
  • October 5, 2020 ( Excel, 78 KB)
  • July 6, 2020 ( Excel, 78 KB)
  • April 3, 2020 ( Excel, 41 KB)
  • January 7, 2020 ( Excel, 71 KB)
  • October 4, 2019 ( Excel, 72 KB)
  • July 10, 2019 ( PDF, 57 KB)
  • April 4, 2019 ( PDF, 59 KB)
  • January 4, 2019 ( PDF, 64 KB)
  • October 5, 2018 ( PDF, 67 KB)
  • July 9, 2018 (PDF, 95 KB)
  • April 5, 2018 (PDF, 80 KB)
  • January 5, 2018 (PDF, 97 KB)
  • October 4, 2017 (PDF, 44 KB)
  • July 5, 2017 (PDF, 43 KB)
  • April 5, 2017 (PDF, 43 KB)
  • January 6, 2017 (PDF, 43 KB)
  • October 5, 2016 (PDF, 44 KB)
  • July 7, 2016 (PDF, 32 KB)
  • April 5, 2016 (PDF, 13 KB)
  • January 7, 2016 (PDF, 13 KB)
  • October 5, 2015 (PDF, 12 KB)
  • July 2, 2015 (PDF, 18 KB)
  • April 2, 2015 (PDF, 59 KB)
  • January 6, 2015 (PDF, 53 KB)
  • October 2, 2014 (PDF, 59 KB)
  • July 11, 2014 (PDF, 27 KB)
  
  
• Summary of Transactions:
  
  • 1^st quarter of 2023 ( Excel, 46 KB)
  • 2022 ( Excel, 31 KB)
  • 2021 ( Excel, 104 KB)
  • 2020 ( Excel, 74 KB)
  • 2019 ( Excel, 32 KB)
  • 2018 ( Excel, 25 KB)
  • 2017 ( Excel, 22 KB)
  • 2016 (PDF, 47KB)
  • 2015 (PDF, 326 KB)
  • 2014 (PDF, 328 KB)
• CITSS User Manual – Volume 5: Emission Allowance Transfers (PDF, 2.4 MB)
• Accounting of Compliance Instruments Traded among WCI Linked Jurisdictions
  • Accounting Mechanism for Compliance Instruments Traded ( PDF, 393 KB)
  • Accounting Mechanism Example (Excel,107 KB)
  • Corresponding Adjustments ( PDF, 171 KB)
  • Report on the Net Flow 2013-2020 ( PDF, 116 KB)

Compliance

• Eligible Emission Allowances
• Report on the 2018-2020 Compliance Period of the Québec Cap-and-Trade System ( Excel, 93 KB) - December 1^st, 2021
• Report on the 2015-2017 Compliance Period of the Québec Cap-and-Trade System ( Excel, 263 KB) - Updated May 22, 2023
• Report on the 2013-2014 Compliance Period of the Québec Cap-and-Trade System (PDF, 123 KB)
• Emitters Covered by the Regulation Respecting a Cap-and-Trade System, by Establishment and by Year, and Registered Participants
• Covered Emissions of the Establishments Subject to the Regulation Respecting a Cap-and-Trade System for Greenhouse Gas Emission Allowances (Excel, 71 KB) - Updated May 25, 2023
• Guides
  • Webinar: Carbon Market Compliance 2018-2020 (French PDF, 2.6 MB)
  • CITSS User Manual – Volume 6: Compliance Management (PDF, 1.2 MB)

Auctions and Sales by mutual agreement with the Minister

• Current Auction Price History (PDF, 598 KB)
• Auction Notices and Results
• Sale by Mutual Agreement by the Minister Notices and Results
• Annual Auction Reserve Price Notice:
  • 2023 (PDF, 137 KB)
  • 2022 (PDF, 130 KB)
  • 2021 (PDF , 293 KB)
  • 2020 (PDF, 135 KB)
  • 2019 (PDF, 284 KB)
  • 2018 (PDF, 192 KB)
  • 2017 (PDF, 49 KB)
  • 2016 (PDF, 186 KB)
  • 2015 (PDF, 70 KB)
  • 2014 (PDF, 45 KB)
• Example Letter of Credit (PDF, 139 KB) - Updated June, 2022
• Guides:
  • Auction and Sale by Mutual Agreement Platform (PDF, 3 MB)
  • CITSS User Manual - Volume 7: Registration for Government Sales (PDF, 1.2 MB)
  • Typical Auction Calendar (French - PDF, 3.4 MB)
• Frequently Asked Questions - Multiple Vintage Emissions Units (Allowances) Offered in the Current Auction (PDF, 57 KB)
• Training Presentations:
  •  Joint Auction Participant Training Presentation
    • Recording of the training (French - February 2023)
    • Training presentation (French - PDF, 7.7 MB)
  • Québec Sale by Mutual Agreement Training Presentation (French - PDF, 1.5 MB)

Offset Credits

• Forms and templates for projects subject to a departmental regulation pertaining to offset credit projects
  • Project notice or renewal notice for offset credits relating to landfill methane reclamation and destruction projects (French, PDF, 1.2 MB)
  • Project notice or renewal notice for offset credits relating to halocarbon destruction projects (French, PDF, 1.3 MB)
  • Application for issuance of offset credits–GHG emission reduction projects (French, PDF, 2.3 MB)
  • Report on offset credits relating to landfill methane reclamation and destruction projects ( Word, 78 KB)
  • Report on offset credits relating to halocarbon destruction projects ( Word, 79 KB)
• Forms and templates for projects subject to a protocol in force in the Regulation respecting a cap-and-trade system for greenhouse gas emission allowances
  • Application to Register, Modify or Renew an Offset Credit Project (French, PDF, 1.2 MB)
  • Designation of the Promoter by an Involved Party (French, PDF, 680 KB)
  • Application for the Issuance of Offset Credits and Promoter Declaration (French, PDF, 1.6 MB)
  • Offset Credit Project Report Template (French, Word, 110 KB)
    • Protocol-specific Information (complementary document to the Project Report Template - French, Word, 156 KB)

Market Notice

• Market Notice - Important information concerning Québec’s cap-and-trade system for greenhouse gas emission allowances (PDF, 107 KB) - February 28, 2023
• California Air Resources Board Compliance Offset Investigation of Livestock Methane Destruction Project ( PDF, 100 KB) – November 10, 2022
  • Final Determination (PDF, 160 KB) – March 2, 2023
• California Air Resources Board Compliance Offset Investigation of Livestock Methane Destruction Project (PDF, 292 KB)
  • Final Determination (PDF, 110 KB) – May 26, 2021
• California Air Resources Board Compliance Offset Investigation of Livestock Methane Destruction Project ( PDF, 302 KB) - June 10, 2020
  • Final Determination (PDF, 171 KB) - Published September 1^st , 2020
• The California Air Resources Board investigation of Livestock Methane Destruction Project ( PDF, 96 KB) - November 18, 2019
  • Final Determination ( PDF, 96 KB) – January, 2020

WCI

• Design Recommendations for the WCI Regional Cap-and-Trade Program (PDF, 4,9 MB)
• Design for the WCI Regional Program (PDF, 1.9 MB)
• Offset System Essential Elements Final Recommendations Paper (PDF, 274 KB)
• Final Recommendations Offset System Process (PDF, 274 KB)

General

• National Geographic article on the Carbon Market (PDF, 866 KB)
• A Brief Look at the Québec's Cap-and-Trade System (PDF, 292 KB)
• Historical Overview of Québec's Cap-and-Trade System and WCI's Carbon Market (PDF, 679 KB)
• Strengths and Advantages of Québec's Cap-and-Trade System (PDF, 1.2 Mo)
• The Québec-California Carbon Market (PDF, 169 KB)
• Frequently Asked Questions (PDF, 1,3 MB)
• Technical overview of Québec's Cap-and-Trade System (PDF, 1.1 MB)
• Implication of Being Subject to the C&T System (PDF, 461 KB)

Regulations

• Regulation respecting a cap-and-trade system for greenhouse gas emission allowances updated to March 1, 2022
• Administrative version of Regulation respecting a cap-and-trade system for greenhouse gas emission allowances (French, PDF, 3,6 MB) as amended by Order in Council 1462-2022 (effective September 1, 2022)
  • Previous amendments:
    • 2022: Order in Council 1462-2022 (PDF, 1 MB)
    • 2021: Order in Council 824-2021 (PDF, 215 KB)
    • 2020: Order in Council 1288-2020 (PDF, 609 KB)
    • 2017: Order in Council 1125-2017 (PDF, 1.1 MB)
    • 2015: Order in Council 1089-2015 (PDF, 185 KB)
    • 2014: Order in Council 902-2014 (PDF, 147 KB)
    • 2013: Order 1138-2013 and 1137-2013 (French, PDF, 83 KB)
    • 2012: Order in Council 1184-2012 (PDF, 586 KB)
    • 2011: Order in Council 1297-2011 (PDF, 395 KB)
• Determination of annual caps on greenhouse gas emissions relating to the cap-and-trade system for greenhouse gas emission allowances for the 2013–2020 period - Order in Council 1185-2012 (PDF, 150 KB)
• Determination of annual caps on greenhouse gas emission units relating to the cap-and-trade system for greenhouse gas emission allowances for the 2021-2030 period – Order in Council 1126-2017 (2017-11-29 - PDF, 205 KB)
• Delegation of management of certain parts of a cap-and-trade system for greenhouse gas emission allowances - Order in Council 1187-2012 (PDF, 164 KB)
• Agreement between the Gouvernement du Québec and the California Air Resources Board concerning the harmonization and integration of cap-and-trade programs for reducing greenhouse gas emissions - Ratification - Order in Council 1181-2013 (PDF, 42 KB)
• Agreement on the harmonization and integration of cap-and-trade programs for reducing greenhouse gas emissions between the Gouvernement du Québec, the Government of California and the Government of Ontario - Order in Council 1136-2017 (2017, French, PDF, 90 KB)
• Mandatory reporting of certain emissions of contaminants into the atmosphere
• Regulation respecting landfill methane reclamation and destruction projects eligible for the issuance of offset credits - Ministerial Order, June 11, 2021 (PDF, 322 KB)
• Regulation respecting halocarbon destruction projects eligible for the issuance of offset credits - Ministerial Order, June 11, 2021 (PDF, 333 KB)) and corrections to the Regulation – Ministerial Order, September 28, 2021 (PDF 228 ko)
• Afforestation and reforestation projects eligible for the issuance of offset credits on privately-owned land (PDF 1.2 Mo)