On December 15, 2016, the Ontario Government announced a proposed regulation establishing
the Ontario Climate Change Solutions Deployment Corporation. This
fulfils a commitment made in the Climate Change Action Plan to create a
corporation that will use some of the Cap and Trade proceeds to
increase deployment of low-carbon technologies in households and
small and medium sized businesses. The "public facing"
name of the corporation will be announced at a later date.
The Information Notice about the proposed
regulation sets out a high-level summary of the plans for the
corporation. According to the Notice, the corporation's
activities will focus on reducing market barriers to deployment of
low-carbon technologies, including through improved access to
information, incentives and strategic use of financial de-risking
tools to encourage greater private sector investment, emphasizing
fuel-switching, energy storage and deep energy retrofits.
