Have Your Say on the New Technology Innovation and Emissions Reduction System
The new Technology Innovation and Emissions Reduction (TIER) system will replace the current large emitter regulations currently in place on January 1, 2020. A critical component of TIER development is gathering stakeholder input to inform analysis and system design. Under the proposed plan, large emitters that produce more than the allowable limit of carbon dioxide would be required to pay into a clean technology fund or purchase offset credits starting January 1, 2020. Albertans and stakeholders are invited to read the TIER discussion document and provide feedback through Alberta.ca. The submission deadline for comments is Aug. 2, 2019.
Under the proposed system, facilities that emit more than 100,000 tonnes of carbon dioxide will have to reduce their emissions intensity by 10 per cent compared to their average emissions between 2016 and 2018. To do that, facilities can reduce their emissions, or:
- Reduce their emissions.
- Use credits from facilities that have met and exceeded their emissions targets.
- Use emission offsets from organizations that are not regulated by TIER, but have voluntarily reduced their emissions.
- Pay into the TIER Fund, which will be used for new and cleaner Alberta-based technologies that reduce emissions, like research and investment in carbon capture, utilization and storage, and improved oilsands extraction technology.