Ontario cap and trade design options
Capped Emitters would be required to retire emissions credits in an amount equivalent to their actual emissions for each compliance period. I implore you to say no to special interests looking for special deals. Customers of Capped Emitters could expect increased prices that reflect the new prices of ontario cap and trade design options. Caps and options to achieve compliance The proposed program commences on January 1, and would function in three-year compliance periods, the first of which would end on December 31,
Implications for businesses A cap-and-trade system would create significant implications for businesses throughout the province, including the following: The carbon cap should be adjusted to reflect this more aggressive target. To achieve compliance, Capped Emitters may therefore:. Action ontario cap and trade design options climate change is heating up in Ontario as the government is poised to make important changes to its environmental framework. Cap and trade revenues should not go into general funds; 7.
Broad coverage of all sectors and sources of GHG pollution with full auctioning of pollution permits; 3. Capped Emitters would be required to retire emissions ontario cap and trade design options in an amount equivalent to their actual emissions for each compliance period. Capped Emitters will face significant compliance obligations and costs. What to expect Starting February 25,the Draft Regulations are available for a 45 day public review and comment period.
Under the Draft Regulations, if a Capped Emitter fails to submit all required emissions allowances and credits before the applicable deadline, it will be prohibited from transferring emissions allowances or credits from its holding accounts into any other account other than its compliance account. This is intended to assist industry members of trade-exposed industrial facilities with high carbon emissions transition into the new model, which the MOECC recognized are more susceptible to competition from international markets. Set the cap as upstream as possible at the ontario cap and trade design options of extraction or importation of GHG pollution; 2.
A cap-and-trade system would create significant implications for businesses throughout the province, including the following:. Cap and trade revenues should not go into general funds; 7. This funding will complement the recently announced Green Investment Fund.
Once created, emissions offsets will could also be tradable in the secondary market. Send the Ministry of the Environment and Climate Change a message today on this critical issue ontario cap and trade design options using our easy form below or by emailing your own message directly to melissa. You can submit this letter as-is or change it to reflect your own priorities.