Tag: Cap and Trade

Ontario’s First Cap and Trade Auction Brings in $472M

Ontario’s First Cap and Trade Auction Brings in $472M

On March 22, 2017, Ontario held its first greenhouse gas emissions allowance auction under the cap and trade program.  The results, released earlier this week, proved a strong start to Ontario’s carbon market with 100% of current 2017 vintage allowances being sold at a price of $18.08. The auction generated $472,031,155 in proceeds, an amount consistent with previous estimates that […]

Carbon Pricing Developments Across Canada

Carbon Pricing Developments Across Canada

Carbon pricing was a major topic of discussion in the recent Pan-Canadian Framework on Clean Growth and Climate Change, with the federal government requiring provinces and territories to adopt a carbon price by 2018. The Framework gives provinces the choice of carbon tax, cap and trade, or a combination with common scope of emissions coverage. Carbon […]

Pan-Canadian Framework on Clean Growth and Climate Change Outlines Coordinated Plan for Significant Emissions Reductions

Pan-Canadian Framework on Clean Growth and Climate Change Outlines Coordinated Plan for Significant Emissions Reductions

Following the First Ministers’ Meeting on December 9th, Canada’s First Ministers issued a joint communiqué and released the Pan-Canadian Framework on Clean Growth and Climate Change (the “Framework”). Governments across Canada will, for the first time ever, work under a coordinated plan to meet national climate targets and adapt to the impacts of climate change. All but two[1] provinces and […]

Ontario Releases Cap and Trade Proposal and Funding to Jump-Start the Transition to the Low-Carbon Economy

Ontario Releases Cap and Trade Proposal and Funding to Jump-Start the Transition to the Low-Carbon Economy

On February 25, the Ontario government posted its draft cap and trade regulatory proposal for a 45-day public and stakeholder comment period. Covering select large industrial emitters, natural gas distributors, petroleum product suppliers and importers of electricity, the proposed program captures 82% of the province’s total GHG emissions. The regulatory proposal is accompanied by a proposal to further […]