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ARTICLE · 08 MAY 2015

Ontario’s GHG Emissions Cap And Trade System: Program Announced With Details To Follow

Miller Thomson
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After five years of inactivity on the file, there is a lot to be done by October, 2015, when Environment and Climate Change Minister Glen Murray has stated the final details will be released.

CanadaEnvironment
Aaron Atcheson
Aaron Atcheson
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In December 2009, the Ontario legislature passed the Environmental Protection Amendment Act (Greenhouse Gas Emissions Trading), 2009, providing the legislative framework needed for a cap and trade system, and regulations were prepared to fill out these requirements.  The Province had previously stated a desire to cooperate with other Western Climate Initiative (WCI) parties on a regional cap and trade system for greenhouse gas (GHG) emissions.  More than five years later, and now behind its WCI partners California and Quebec in initiating a trading system, Ontario Premier Kathleen Wynne announced her government's intention to move forward on the Ontario program, that the Province will be working with industry and communities on the design of the system, and that Ontario will join Quebec and California in allowing for the trading of credits across all three jurisdictions.

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