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ARTICLE · 19 JANUARY 2017

Ontario's Cap-And-Trade System: In Effect And Moving Forward

McCarthy Tétrault
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On January 1, 2017, Ontario's cap-and-trade system came into effect.

CanadaEnergy and Natural Resources
Selina Lee-Andersen
Selina Lee-Andersen
Cindy Vaillancourt
Cindy Vaillancourt
Joanna Rosengarten
Joanna Rosengarten
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On January 1, 2017, Ontario's cap-and-trade system came into effect. As we have outlined in previous blog posts, January 1, 2017 is the start of the first four-year compliance period for the cap-and-trade program, which compliance period will end on December 31, 2020. Thereafter, the cap-and-trade program compliance periods will be three-years long, aligning with the compliance periods in the Québec and California cap-and-trade markets. The Government of Ontario has stated its intention to link with the Quebec and California markets in 2018.

On January 1, 2017, certain amendments to The Cap and Trade Program regulation (Ontario Regulation 144/16) under the Climate Change Mitigation and Low-carbon Economy Act, 2016, came into effect. The amendments include the following:

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