Ontario Unveils Proposed Cap and Trade System
|Lawyer||Max Laskin, Catherine Lyons|
|Area||Corporate and Commercial, Energy Law, Environmental Law, Mining and Natural Resources, Cleantech|
On November 16, 2015, the Ontario Ministry of the Environment and Climate Change (MOECC) released preliminary plans for its proposed cap and trade system. The system, if implemented, would make businesses in key industries responsible for their emissions starting on January 1, 2017. The document, entitled Cap and Trade Program Design Options, aims to generate feedback that will assist the province in drafting cap and trade regulations. The MOECC is accepting comments until December 15, 2015.