Greenhouse Gas Emissions Reporting To Be Expanded To Support Ontario's Cap And Trade System

In April 2015, Premier Wynne announced that Ontario would implement a cap and trade system in an effort to reduce greenhouse gas (GHG) emissions in the province. High-level details of how a cap and trade system works were provided at the same time. This announcement, made in advance of the Premiers' Climate Summit, was widely reported. The Ontario Government has repeated its commitment to implementing a cap and trade system on many occasions, such as at the Climate Summit of the Americas held in Toronto in July 2015.

Since April 2015, there have been discussions and consultations with interested industry sectors and others who may be impacted by the implementation of the cap and trade system in Ontario. No announcement has yet been made about the planned start-date for the cap and trade system. However, in preparation for implementation, the Ontario Ministry of Environment and Climate Change recently posted updated Regulations and Reporting Requirements