T: 416-862-4836 email JulieView full profile.
T: 613-761-2424 email CharlesView full profile.
T: 416-862-4837 email RichardView full profile.
T: 416-646-4894 email GiselleView full profile.
T: 613-217-8521 email John View full profile.
T: 416-862-4825 email MatthewView full profile.
T: 416-862-4826 email JohnView full profile.
T: 416-862-4827 email Raeya View full profile.
T: 416-862-4820 email MarcView full profile.
T: 416-862-4831 email CarlView full profile.
T: 416-642-4874 email AlessiaView full profile.
T: 416-862-4822 email DonnaView full profile.
T: 416-862-4829 email AnandView full profile.
T: 416-862-4828 email JacquelynView full profile.
T: 416-862-4835 email MadihaView full profile.
T: 416-862-4830 email JoannaView full profile.
Environment • Aboriginal • Energy
The Ontario government has committed to ending the cap and trade program in Ontario, fulfilling a campaign pledge made by Premier Ford earlier this year.
Ontario’s cap and trade program was linked to California and Quebec under the Western Climate Initiative. Pursuant to the joint carbon market, the three governments set emissions caps on their energy distributors and industrial emitters, and sold allowances that companies could purchase to comply with the regulations from 2017 to 2020. The program also established a secondary market through which regulated companies and speculators could buy and sell allowances.
The cap and trade program was the primary tool to help Ontario achieve its greenhouse gas (GHG) emissions reduction targets of 15% below 1990 levels by 2020, 37% by 2030, and 80% by 2050.
Click here to read the full article.