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GETTING STARTED WITH THE B.C. OUTPUTTED PRICING SYSTEM Technical Background and General Program Guidance for Industrial Operators February 2024TABLE OF CONTENTS PART 1 | CONTEXT. . . . . . . . . .

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How to fill out bc output-based pricing system

01

Understand the components of the BC output-based pricing system, such as the benchmark, compliance period, and emission intensity benchmark.

02

Determine which industrial activities are covered by the pricing system and if your business falls under those categories.

03

Calculate your emissions intensity and compare it to the benchmark to determine if you will need to pay a compliance obligation.

04

Fill out the required forms and report your emissions to the regulatory authority.

05

Keep accurate records of your emissions and compliance activities to ensure you meet all requirements of the pricing system.

Who needs bc output-based pricing system?

01

Businesses in British Columbia that engage in industrial activities that are covered by the output-based pricing system would need to comply with the regulations.

02

Any business that emits greenhouse gases above the established benchmark would need to participate in the pricing system to offset their emissions.

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What is bc output-based pricing system?

The BC output-based pricing system is a regulatory framework designed to limit greenhouse gas emissions from industrial facilities by setting emissions benchmarks and allowing for trading of emissions credits.

Who is required to file bc output-based pricing system?

Facilities that meet certain thresholds of greenhouse gas emissions are required to file under the BC output-based pricing system, generally focusing on large emitters in the industrial sector.

How to fill out bc output-based pricing system?

To fill out the BC output-based pricing system, facilities must gather data on their greenhouse gas emissions, calculate their output, and complete the required reporting forms detailing their emissions and any credits purchased or sold.

What is the purpose of bc output-based pricing system?

The purpose of the BC output-based pricing system is to incentivize emissions reductions while maintaining the competitiveness of industries, encouraging innovation, and contributing to the province's overall climate goals.

What information must be reported on bc output-based pricing system?

Facilities must report their total greenhouse gas emissions, production levels, emissions intensity, and any transactions involving emissions credits within the reporting period.

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