Ontario Offers Public First Look At Cap And Trade Program Design Options

On Monday, the Ontario MOECC posted the Cap and Trade Program Design Options to the Environmental Registry. The province is seeking public comment on the options under consideration for Ontario's GHG cap and trade program, including on the timing, scope of the program, setting the caps on GHG emissions, allowance distribution, price stability mechanisms, market design features, compliance requirements, flexibility mechanisms and enforcement.  Feedback from the public and stakeholder consultations will inform the development of the final program.

The proposal covers a broad range of sectors, including:

• Electricity generation in Ontario and imported for consumption in Ontario;