Ontario Offset Credits regulation under the Climate Change Mitigation and Low-carbon Economy Act, 2016
Bill or Act:
Climate Change Mitigation and Low-carbon Economy Act, 2016
Summary of Proposal:
On November 15, 2016, the Ministry of the Environment and Climate Change posted a regulatory proposal (EBR 012-9078) that provided an overview of the criteria, process and administrative requirements for the registration of offset initiatives and the creation and issuance of offset credits that can be used to meet a compliance obligation for a 45 day public review and comment period.
On May 19, 2017, the Ministry posted a proposal (EBR 013-0480) for an offset protocol covering the capture and destruction of methane gas from landfill facilities for a 30 day public review and comment period.
After a review of the comments received, the Ministry is proposing a regulation that would enable the creation of offset credits for use in Ontario's cap and trade program. The proposed Ontario Offset Credits regulation incorporates the protocols by reference through a document titled Offset Initiative Protocols for Ontario's Cap and Trade Program. The proposed regulation outlines the overall process, criteria and administrative requirements involved in the creation of an offset credit that can be used to meet a compliance obligation in Ontario's cap and trade program, while the incorporated protocols outline the rules specific to each initiative type or class.
The ministry is now seeking input on the proposed Ontario Offset Credits regulation and incorporated protocol. The protocol to be incorporated is a revised draft of the Landfill Gas protocol. As future protocols are adapted, they will be posted for public comment, and upon approval by the Minister of the Environment and Climate Change, incorporated into the regulation by rolling reference by adding them to the document entitled Offset Initiative Protocols for Ontario's Cap and Trade Program.
October 4, 2017
Comments Due Date:
November 18, 2017