Carbon Pricing Featured In Ontario's New Climate Change Discussion Paper

On February 12, 2015, the Ontario Ministry of the Environment and Climate Change (MOECC) released Ontario's Climate Change Discussion Paper: 2015. The Discussion Paper outlines Ontario's long-term vision for transforming the province into a low-carbon economy and suggests short-term actions to accelerate that transformation. Key among these actions is to develop, by the end of 2015, a plan to price greenhouse gas emissions in the province. The ultimate purpose of the Discussion Paper is to generate feedback that will assist the provincial government in developing a comprehensive strategy (i) to reduce greenhouse gas emissions in 2020 to 15% below 1990 emission levels, (ii) to achieve an 80% reduction of 1990 emission levels by 2050, and (iii) to work toward greenhouse gas emission neutrality by the end of the century.