On May 11, 2009, the Saskatchewan government introduced Bill 95, an Act designed to help the province reduce GHG emissions and adapt to climate change. Bill 95 would set GHG emissions limits, presumably on large industrial emitters, although the capped sectors and the size of the caps are expected to be set out in regulation. Firms that did not meet required caps through emissions abatement would be able to make “carbon compliance payments” at the rate of $15 per tonne of carbon dioxide equivalent, essentially capping the cost of compliance at that amount. The Saskatchewan government also recently adopted the current federal government target of reducing emissions by 20% of 2005 levels by 2020.
On May 12, 2009, the Quebec government introduced Bill 42, which would establish the framework for a cap-and-trade system in the province. Bill 42 would allow for greater flexibility mechanisms, including tradable emissions allowances, offset credits and early emission-reduction credits. In contrast to Saskatchewan, Quebec has targeted a 6% reduction of 1990 emissions by 2012.
For further information, please see www.legassembly.sk.ca/bills/pdfs/bill-95.pdf and www.mddep.gouv.qc.ca/changements/plan_action/index-en.htm.