Ontario’s Ministry of the Environment and Climate Change (MOECC) posted on the Environmental Registry February 25, 2016, a regulatory proposal for a new cap-and-trade regulation designed to generate approximately $1.8-1.9 billion per year to fund projects aimed at reducing emissions.
The proposed framework includes:
- An appendix presenting detailed technical information for the distribution of allowances to eligible capped emitters for the first compliance period;
- Details related to early reduction credits; and
- An overview of complementary amendments for the reporting regulation and incorporated guideline to support the program’s implementation.
Click here to access the draft regulation (74 pages).
Click here to access the draft revised Guideline for Greenhouse Gas Emissions Reporting (245 pages).
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Related professional development courses
Practical Steps to Meet Climate Change Challenges will be held on April 25 in Mississauga, as part of this year’s Canadian Environmental Conference & Tradeshow (CANECT). Among other highlights, this course offers insight into the new cap-and-trade regime and how companies need to respond. For more information on this course, visit: www.canect.net/course-1b
On April 26 in Mississauga, a course on Air, NOD and GHG Emissions Compliance will feature practical steps for integrating cap-and-trade into an air emissions management program. For more information on this course, visit www.canect.net/course-2b
CANECT 2016, which features a total of eight one-day professional development courses for environmental practitioners, runs from April 25 – 27 at the International Centre in Mississauga, Ontario.
View the complete CANECT 2016 program at: www.canect.net/courses
Source/Courtesy: Canadian Environmental Regulation & Compliance News – Mar. 2016. Click here for more information on the CERCN information service.