The legislation applies to all industrial facilities that emit 100,000 tonnes or more of GHG a year, which accounts for 70 per cent of the province’s emissions. These facilities are required to reduce their emissions by 12 per cent, as of the end of 2007. Facilities that fail to meet this target have the option of buying Alberta-based carbon offsets, or paying into the Climate Change and Emissions Management Fund. The fund takes $15 for every tonne over reduction targets and directs it to strategic projects or technology aimed at reducing GHG emissions in the province. .
