Clean Fuel Regulations — 40
Application for recognition — change of method 40 (1) If, after the recognition of a CO 2 e-emission-reduction project under subsection 39 (1) as a project that may create compliance credits using a generic emission-reduction quantification method, but before the end of the period referred to in paragraph 31 (2)(b) or, if applicable, the five-year period referred to in subsection 42 (1), the Minister establishes a specific emission-reduction quantification method under subsection 32 (1) that is applicable to the project and the agreement referred to in paragraph 39 (1)(b) is amended to permit the use of that specific emission-reduction quantification method for that type of project, the registered creator may apply to the Minister for the recognition of the project as a project that may create compliance credits when carried out using that specific emission-reduction quantification method. Contents of application (2) The application must be signed by the authorized agent of the registered creator and must contain (a) if the information contained in the original application for recognition of the project under subsection 38 (1), other than the information referred to in paragraph 2(d) of Schedule 4, has changed, the updated information; (b) an indication that the registered creator is applying to use the specific emission-reduction quantification method and the name of that method; (c) the information referred to in paragraph 2(d) of Schedule 4 in respect of that method; and (d) if the registered creator prefers that the carrying out of the project may create provisional compliance credits only as of a particular day, an indication of the preferred day, which must be (i) no later than 18 months after the day on which the application is made, and (ii) before the end of the period referred to in paragraph 31 (2)(b) or , if applicable, the five-year period referred to in subsection 42 (1). Recognition by the Minister (3) The Minister must recognize the CO 2 e-emission-reduction project as a project that may create compliance credits when carried out if the Minister is satisfied, based on the information provided by the registered creator, that the project meets the criteria set out in paragraph 39 (1)(b) and subsection 39 (3). Unique alphanumeric identifier (4) The Minister must assign a unique alphanumeric identifier to a CO 2 e-emission-reduction project recognized under subsection (3). Creation of compliance credits (5) Subject to subsection 42 (4), the period during which the carrying out of the project may create provisional compliance credits begins on the later of the day on which the project is recognized under subsection (3) and the preferred day referred to in paragraph (2)(d) and is determined by the formula S − D where S is the period referred to in paragraph 32 (2)(d) and established in the specific emission-reduction quantification method that is indicated in the agreement referred to in paragraph 39 (1)(b) and that is applicable to the project, expressed as a number of days; and D is the number of days — during the period referred to in paragraph 31 (2)(b) — on which the carrying out of the project has created provisional compliance credits using the generic emission-reduction quantification method. End of project — generic method (6) The carrying out of a CO 2 e-emission-reduction project that is recognized under subsection (3) ceases to create compliance credits under section 39 on the earlier of (a) the day before the day on which the period determined under subsection (5) begins, and (b) the day on which Canada no longer has an agreement with the foreign country or subdivision of a foreign country in which the project is carried out. End of project — specific method (7) The carrying out of a project that is recognized under subsection (3) ceases to create compliance credits under section 41 as of the end of the period determined under subsection (5) or, if applicable, the end of the five-year period referred to