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ARTICLE · 16 APRIL 2015

Ontario Introduces Cap And Trade System For Greenhouse Gas Emissions

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On Monday April 13th, 2015, Ontario Premier Kathleen Wynne announced that the province is introducing a cap and trade system for greenhouse gas emissions ("GHG").

CanadaEnvironment
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Borden Ladner Gervais LLP
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On Monday April 13th, 2015, Ontario Premier Kathleen Wynne announced that the province is introducing a cap and trade system for greenhouse gas emissions ("GHG"). The system will have a hard ceiling on the total GHG emissions allowed in each sector of the economy. It will be designed to reduce the amount of GHG's emitted in Ontario by setting a limit on emissions, while at the same time providing incentives for energy efficient and innovative companies to make further investments in GHG reductions.

The Premier signaled that Ontario will join the cap and trade system under the Western Climate Initiative, a group of (originally western) North American states and provinces focused on climate change reduction measures. She also indicated that the government will reinvest the money raised through the cap and trade system back into projects that reduce GHG's. Such projects may include energy-efficient appliances or housing, public transit, and energy efficiency initiatives

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