The Climate Change and Emissions Management Amendment Act of the Canadian province of Alberta was the first law of its type to impose greenhouse gas cuts on large industrial facilities.
Starting from July 1, 2007 Alberta facilities that emit more than 100,000 tonnes of greenhouse gases a year will be required to reduce their emissions intensity by 12 per cent under the Climate Change and Emissions Management Amendment Act.
Companies have three ways to meet their reductions. They can make operating improvements, buy an Alberta-based credits or contribute to the Climate Change and Emissions Management Fund.
The regulations apply to about 100 large facilities which emit more than 100,000 tonnes of greenhouse gases a year. Those facilities account for about 70 per cent of Alberta's industrial greenhouse gas emissions.
The annual cost of compliance is estimated to be $177 million - or less than one tenth of one per cent of Alberta's nominal GDP ($242 billion in 2006).
Read more about Climate Change And Emissions Management Amendment Act: Improvements To Operations, Alberta-based Credits, Climate Change and Emissions Management Fund
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