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ARTICLE · 21 DECEMBER 2016

Cap And Trade: MOECC Releases Offset Credits Regulatory Proposal

Borden Ladner Gervais LLP
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On November 15, 2016, the Ontario "MOECC" published the Compliance Offset Credits Regulatory Proposal on the carbon offset program that is being developed to complement the province's cap and trade system.

CanadaEnergy and Natural Resources

On November 15, 2016, the Ontario Ministry of the Environment and Climate Change ("MOECC") published the Compliance Offset Credits Regulatory Proposal (the "Proposal") on the carbon offset program that is being developed to complement the province's cap and trade system.

Under Ontario's cap and trade program, which will commence on January 1, 2017, facilities and natural gas distributors with greenhouse gas ("GHG") emissions of 25,000 tonnes per year or more, fuel suppliers that sell more than 200 litres of fuel per year and electricity importers ("Mandatory Participants") will be required to either reduce their emissions or meet mandated cap and trade compliance obligations through other regulatory mechanisms. Offset credits are a compliance instrument that is being contemplated by MOECC under the current cap and trade regulation.

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