New Ontario PC Government Moves To End Cap And Trade Without Stakeholder Input

With the proposed repeal of the Climate Change Mitigation and Low-Carbon Economy Act, 2016 and its regulations (Greenhouse Gas Emissions Quantification, Reporting, and Verification regulation (O. Reg. 143/16)) the Ontario government has committed to ending the cap and trade program in Ontario. Bill 4, Cap and Trade Cancellation Act, 2018 was introduced into the Ontario Legislature on July 25, 2018. Bill 4, if passed, will repeal the Climate Change Mitigation and Low-carbon Economy Act, 2016 and wind down the Cap and Trade Program.

On July 25, 2018 The Greenhouse Gas Emissions: Quantification, Reporting, and Verification regulation (O. Reg. 390/18) was filed under the Environmental Protection Act, 1990. The incorporated Guideline was also updated. O. Reg. 390/18 incorporates regulatory requirements that existed under the repealed O. Reg 143/16 and makes a number of changes, including revising the Greenhouse Gas (GHG) emission reporting requirements for capped