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ARTICLE · 09 MARCH 2016

Ontario Releases Draft Carbon Market Details

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Ontario has released a proposed new statute called the Climate Change Mitigation and Low-Carbon Economy Act, 2016.

CanadaEnvironment
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Bennett Jones LLP
Sarah Gilbert
Sarah Gilbert
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Ontario has released a proposed new statute called the Climate Change Mitigation and Low-Carbon Economy Act, 2016 (the Climate Change Act). The Ontario government also released the Cap and Trade Regulatory Proposal (the Cap and Trade Regulation) and a Revised Guideline for Greenhouse Gas Emissions Reporting (the Reporting Regulation).

Comments on the Climate Change Act may be submitted to the government until March 25, 2016. Comments on the Cap and Trade Regulation and the Reporting Regulation may be submitted until April 10, 2016.

Ontario is developing new climate change regulation as part of a process to join the Western Climate Initiative. The Western Climate Initiative includes Quebec and California among its member jurisdictions.

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