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ARTICLE · 20 JUNE 2016

A Guide To Ontario's New Cap And Trade Regime

Gowling WLG
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Ontario has picked up the pace on addressing climate change. On May 18, 2016, the provincial government passed the Climate Change Mitigation and Low-carbon Economy Act, 2016...

CanadaEnvironment

Ontario has picked up the pace on addressing climate change. On May 18, 2016, the provincial government passed the Climate Change Mitigation and Low-carbon Economy Act, 2016 (the "Act"),1quickly followed by two regulations on May 19, as well as two guidance documents incorporated into the regulations by reference:

  1. Ontario Regulation 144/16 - The Cap-and-Trade Program (the "Cap-and-Trade Regulation") and its incorporated Methodology for the Distribution of Ontario Emission Allowances Free of Charge (the "Methodology"); and
  2. Ontario Regulation 143/16 - Quantification, Reporting and Verification of Greenhouse Gas Emissions Regulation (the "Reporting Regulation") and its incorporated Guideline for Quantification, Reporting and Verification of Greenhouse Gas (the "Guideline").

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