\nThe following is according to my understanding.<\/p>\n
\nThe cap-and-trade system for CO2<\/sub> emissions allows a certain rate of CO2<\/sub> emission per unit of activity as acceptable – that is, free of extra cost. Below that rate, the company gets a credit; above it, the company incurs a fee. Either depends on the difference between the acceptable rate and actual, multiplied by the price of carbon dioxide emission per tonne (95 cdn in 2025). If it’s a credit, the company can sell it to a company that has incurred a fee. If, on the other hand, the company has incurred a fee, it needs to purchase credits equal in value to its fee – in the simplest system. The actual system in place may have other governance policies besides.<\/p>\n \nCompanies can also earn credits by recapturing CO2<\/sub> from the atmosphere in approved projects. Such companies can then sell their credits to companies that need to buy them to settle fees.<\/p>\n \nAs of now, it seems only Quebec has a cap-and-trade system regarding industrial carbon emissions.<\/p>\n Source:<\/p>\n climateinstitute.ca<\/a><\/p>\n canada.ca<\/a><\/p>\n canada.ca<\/a><\/p>\n environnement.gouv.qc.ca<\/a><\/p>\nJack of Oracle Tutoring by Jack and Diane,<\/a> Campbell River, BC.\n","protected":false},"excerpt":{"rendered":" Self-tutoring about Canadian policy towards managing climate change: the tutor mentions cap-and-trade. The following is according to my understanding. The cap-and-trade system for CO2 emissions allows a certain rate of CO2 emission per unit of activity as acceptable – that …<\/p>\n