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Output-Based Pricing System Regulations

Version of section 59 from 2019-06-28 to 2021-12-31:

Marginal note:Surplus credits

 For the purposes of section 175 of the Act, the number of surplus credits, equivalent to the difference between the emissions limit and the quantity of GHGs emitted from the covered facility, that the Minister issues is based on what is reported in the annual report submitted for the compliance period, provided that no material discrepancy, within the meaning of subsection 49(2), exists with respect to the total quantity of GHGs and the production from each specified industrial activity that is used in the calculation of the emissions limit.

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