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Emission allowance transfers

Summary of 2016 transactions (PDF, 47 KB)

CITSS 3 : Conducting emission allowance transfers in the CITSS system (French, PDF, 1,4 Mo)

Documentation

Frequently asked questions

User Support

The CITSS (Compliance Instrument Tracking System Service) is a cap-and-trade tool for managing and monitoring accounts and emission allowances, (emission units, offset credits and early reduction credits) issued under the cap-and-trade system for greenhouse gas emission allowances (C&T System).

The system has many functions: issuance of emission allowances by the government, recording the ownership of emission allowances and account information, performing and recording emission allowance transfers, facilitating the verification of compliance and monitoring the market through the collection of useful information.

CITSS system accounts

All emitters subject to the C&T system and participants have accounts that vary in quantity and type depending on the nature of the organization in question. Emitters have a compliance account and a general account, while voluntary participants (natural persons and legal entities) only have a general account. CITSS system administrators have several accounts for administering the issuance, allocation, and auction sale of emission units, as well as the reserve, the environmental integrity of the system, the invalidation of offset credits and the surrender and retirement of emission allowances in the CITSS system on behalf of the Minister.

Examples of transfers

Under the cap-and-trade system, an emitter or participant will need to perform one or more of the following transfers:

  1. Transfer between two emitters or participants (from the general account of an emitter or participant to the general account of another emitter or participant);
  2. Transfer between an emitter’s accounts (from the emitter’s general account to its compliance account);
  3. Transfer between an emitter or participant and the Minister (from a general account to a government account).
     
For additional information, consult the CITSS user guide, Volume 3: Conducting emission allowance transfers in the CITSS system (French, PDF, 1,4 Mo)

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