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ARTICLE · 11 MARCH 2016

Ontario's Cap And Trade Program Unveiled

Aird & Berlis LLP
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On February 24, 2016, the Ontario government introduced the Climate Change Mitigation and Low-carbon Economy Act, 2016 which sets out a framework for Ontario's cap and trade program and enshrines emission reduction targets for the province.

CanadaEnergy and Natural Resources
Zoë Thoms
Zoë Thoms
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On February 24, 2016, the Ontario government introduced the Climate Change Mitigation and Low-carbon Economy Act, 2016 (the "Act") which sets out a framework for Ontario's cap and trade program and enshrines emission reduction targets for the province. The following day the government released the Cap and Trade Regulatory Proposal and Revised Guideline for Greenhouse Gas Emissions Reporting regulation (the "Reg") providing further details of the program.

The Cap and Trade Program

As of January 1, 2017, Ontario's allowable GHG emissions to the atmosphere will be limited under a cap and trade program. As we previously reported, Ontario's program will be linked with the existing Quebec and California carbon market.

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