On November 24th, 2015, Premier Wynne and the Hon. Glen Murray, Minister of Environment and Climate Change, announced the provincial government's
This announcement follows the April 2015 announcement stating the government of Ontario would be limiting greenhouse gas (GHG) emissions by implementing a cap and trade program. Also at that time, it indicated its intent to join the joint cap and trade program implemented by Quebec and California.
cap and trade program
is a key initiative for the government to tackle climate change and meet the goals set out in the Climate Change Strategy by reducing greenhouse gases. The program aims to reduce greenhouse gas emissions by setting a limit (i.e., cap) from the captured facilities (equal to or greater than 25,000 tonnes of carbon dioxide equivalent). Over time, the cap is lowered, reducing greenhouse gas emissions.
Provision Coalition has been engaged in initial consultations with the Provincial Government. During the week of November 9th, the Ministry of Environment and Climate Change (MOECC) held another round of multi-sector stakeholder sessions regarding the progress of the design of Ontario's cap and trade program for Greenhouse Gas Emissions. The consultations surrounded the preferred approach for a number of key design topics for the cap and trade program and a request for further feedback from stakeholders.