Amendments to the Cap and Trade Program and Reporting Regulations & Service Regulation & Administrative Penalties Regulation
O. Reg. 143/16
O. Reg. 144/16
Bill or Act:
Climate Change Mitigation and Low-Carbon Economy Act
Summary of Proposal:
Ontario has previously indicated its intent to link its program with the program of California and Quebec. Economic modelling has shown that linking Ontario's cap and trade program with California and Quebec will help Ontario meet its greenhouse gas emission reduction targets at the lowest cost.
Ontario is now putting forward a proposal to make a number of amendments to the existing cap and trade program regulations to provide for linking, set 2021-2030 caps and other amendments aimed at improving fair and equitable treatment amongst program participants. This includes administrative
amendments to improve data reliability and program efficiency.
A new service of documents regulation under the Climate Change Mitigation and Low-carbon Economy Act, 2016 (CCMLEA) is being proposed to provide the regulated community with certainty and clarity as to how documents can be given or served under the Act.
Additionally, to help ensure compliance and maintain market integrity, a regulation is being proposed for administrative penalties that would apply to contraventions of the CCMLEA and its regulations.
Implementation of administrative penalties will form part of the ministry's suite of graduated compliance and enforcement tools under the CCMLEA - providing the ministry with the ability to choose the most appropriate and effective compliance tool, or combination of tools, to maximize compliance and prevent or deter future non-compliance.
September 22, 2017
Comments Due Date:
November 6, 2017