Alberta was the first province in Canada to develop legislation regulating greenhouse gas emissions that requires large industrial emitters to report their emissions and take actions to make mandatory reductions. This legislation, the Specified Gas Emitters Regulation under the Climate Change and Emissions Management Act (The 'Act'), has set requirements for facilities that emit more than 100,000 tonnes of greenhouse gases a year to reduce baseline emissions intensities by 12 per cent, as of July 1, 2007.
Currently there are three regulations under the Act currently in effect. The Alberta Specified Gas Reporting Regulation lays out the reporting requirements for large emitters in the province and the Specified Gas Emitters Regulation (the 'Regulation') lays out targets for regulated entities and guidelines for achieving compliance. The Administrative Penalty Regulation sets out the penalty for non-compliance with the the Act. For more information about Alberta climate change legislation and regulation please refer to the resources page here.
In order to meet the reduction targets, regulated facilities have four compliance options:
- Reduce On-Site Emissions;
- Purchase Alberta-based offset credits;
- Contribute to the Climate Change and Emissions Management Fund; or
- Purchase or use Emission Performance Credits
The Alberta Emissions Offset Registry and the Emissions Performance Credits Registry, operated by CSA Group in partnership with the Government of Alberta, provides the infrastructure to support the ability for regulated facilities to be compliant with the Regulation through the purchase of Alberta based carbon offset credits and/or purchase or use of Emission Performance Credits. These essential carbon registries track ownership of carbon offset credits and emission performance credits to demonstrate facility-level compliance with carbon reductions outlined within the Act, and ensures transparency of this process.
Alberta Emissions Offset Registry (AEOR)
The purchase of Alberta-based carbon offset credits is one of the four compliance options for regulated entities under the Specified Gas Emitters Regulation in Alberta. This compliance mechanism is tracked and managed by CSA Group using the online, publically accessible, registry platform. The AEOR lists all carbon offset credits that have been developed and used for compliance under the Act since its inception in 2007.
Under this registry, one carbon offset credit represents a one-tonne reduction or removal in greenhouse gas (GHG) emissions resulting from an independently verified GHG project. Carbon offset projects range in scope and involves implementation of a new management practices, technology and/or control systems that reduce or remove emissions of a given process. GHG projects listed on the AEOR are real, demonstrable and quantifiable reductions of emissions, and are verified by an independent third party. Under the Alberta system the following terms are synonymous: 'carbon offset credit' and 'offset credits'.
Facilities and sectors not subject to the Regulation that are able to reduce their greenhouse gas emissions are eligible to generate carbon offset credits. All GHG projects must be implemented according to a government approved protocol and meet the requirements of section 7 of the Regulation. Facilities and sectors creating GHG projects must then register their projects on the AEOR and serialize their carbon reductions before the carbon offset credits can be used as a compliance option by a regulated facility.
To find out more about the AEOR, please click the link below
Emissions Performance Credit (EPC) Registry
The purchase of Emissions Performance Credits (EPCs) is one of the four compliance options for regulated entities under the Specified Gas Emitters Regulation in Alberta. This compliance mechanism is tracked and managed by CSA Group using the online and publically viewable registry platform. EPCs are credits generated by regulated facilities that have reduced below their reduction target specified in the Regulation. These additional reductions are called EPC, where one tonne of CO2e reduced is equal to one EPC. EPC credits are revocable licenses which can be banked or retired by facilities subject to the Regulation to meet their net emissions intensity limit.
In order for facilities and their associated companies to register EPCs, they must register their facilities and be issued EPC credits from the Government of Alberta on the CSA Group EPC Registry before the EPC credits can be used as a compliance option.
To find out more about the EPC registry please click the link below