According to Ottawa, the Low Carbon Leadership Fund has made $1.4 billion of investment for climate action available to support provinces and territories, with a priority on energy efficiency which is expected to create 118,000 jobs by 2030, boost the GDP by $356 billion over the next 12 years and save Canadian households an average of $114 a year.
As previously reported, Canada's largest province has a lot to lose from Premier Ford's cap-and-trade cancellation. According to the Ontario Financial Accountability Office, Premier Ford's scrapping of the cap-and-trade program will cost the province $3 billion in lost revenue over the next four fiscal years.
The watch dog agency added that the loss of revenue from the cap-and-trade cancellation will be greater than the savings the government will achieve by cancelling spending associated with the program. The Conservative Ford government revised the deficit to $15 billion last month, up from a predicted $11.7 billion. (Source: Gov. of Canada, Canadian Biomass, Various Media, Nov., 2018) Contact: Ontario Financial Accountability Office, Peter Weltman, (416) 644-0702, firstname.lastname@example.org, www.fao-on.org;
Office of Ontario Premier Doug Ford, www.ontario.ca/page/premier
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With the passage of Bill 4, The Cap and Trade Cancellation Act, the government renewed its pledge to challenge an imposed federal carbon tax and replace it with a "made-in-Ontario" environment plan at an unspecified future date. (Source: Province of Ontario, Various Media, Canadian Biomass 1 Nov., 2018)Contact: Office of Ontario Premier Doug Ford, www.ontario.ca/page/premier
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According to the watch dog agency, the loss of revenue from the cap-and-trade cancellation will be greater than the savings the government will achieve by cancelling spending associated with the program.
The Conservative Ford government revised the deficit to $15 billion last month, up from a predicted $11.7 billion. (Source: Ontario Financial Accountability Office, CBC News, 16 Oct., 2018) Contact: Ontario Financial Accountability Office, Peter Weltman, (416) 644-0702, email@example.com, www.fao-on.org
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Under Ontario's unique “Environmental Bill of Rights legislation", Ontario residents have the right to be consulted on significant environmental regulations and legislation. The Greenpeace suit claims the Ford government ignored the Environmental Bill of Rights when it proposed, then announced it would cancel the province's cap-and-trade program.
The Ford administration's Cap-and-Trade Cancellation Act -- Bill 4 -- was introduced in late July. The bill, which has yet to pass the legislature, gives the new Ford administration sweeping power to set its own targets and create its own climate action plan without debate in the legislature nor to be enshrined in law. Along with killing the province's cap-and-trade program, Ford also promised to lower the price of beer to $1 per can. (Source: CP, Various Media, 13 Sept., 2018) Contact: Greenpeace Canada, www.greenpeace.org/canada/en
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In his most recent announcement, Ford noted the province will nonetheless honour existing contracts, orders and projects -- such as energy efficient insulation and window retrofits -- funded by cap-and-trade. Some existing Ontario energy efficiency rebates were being phased out before Ford officially took office last week. The premier says the government will decide on a case-by-case basis whether some initiatives previously funded by the cap-and-trade program will be paid for using tax base revenue.
As previously reported, Ford claimed eliminating the provincial cap-and-trade system will help him deliver on campaign promises Ontario the electorate doesn't realistically expect him to keep -- cutting retail gasoline prices by roughly 4 cents per litre -- which is apparently more important than the roughly $3 billion the carbon tax contributed to the provincial coffers since the system was introduced by the then Liberal government in 2017. And, in a move that rings of Trump political posturing, the new Premier also reportedly promised to lower the price of beer to $1.00 per can in an effort to appeal to his base. (Source: Office of Ontario Premier Doug Ford, Various Media, Canada Press, 3 July, 2018)
Contact: Office of Ontario Premier Doug Ford, www.ontario.ca/page/premier
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The rebate program was funded through proceeds from the province's cap-and-trade program through a provincial agency called the Green Ontario Fund.
Ontario has earned approximately $3 billion in a series of cap-and-trade auctions since the system was introduced by the Liberals last year. (Source: Green Ontario Fund, Bell Media, 20 June, 2018) Contact: Green Ontario Fund, www.GreenOn.ca
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According to Ford, eliminating the cap-and-trade system will help him deliver on a campaign promise that the electorate doesn't expect him to keep -- cutting retail gasoline prices by roughly 4 cents per litre -- which is apparently more important to him than the roughly $3 billion the carbon tax contributed to the provincial coffers since the system was introduced by the then Liberal government in 2017. And, in a move that rings of Trump political posturing, the new Premier also reportedly promised to lower the price of beer to $1.00 per can in an effort to appeal to his base. (Source: Various Media, Canada Press, 15 June, 2018)
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In the upcoming June 7 Ontario provincial election, the Progressive Conservative candidate, Doug Ford, is calling for the abolition of the sitting Liberal government of Premier Kathleen Wynne's carbon cap-and-trade program which, according to the Ontario Ministry of the Environment, generated an estimated $471 million for the province in the first joint Ontario, Quebec, California cap-and-trade program auction held February 21, 2018. The funds will be invested in programs that will reduce greenhouse gas pollution and help families and businesses reduce their own emissions through the province's Climate Change Action Plan.
(Source: Green Party of Canada, MyWestNippisingNow, 31 May, 2018) Contact: Green Party of Canada, www.greenparty.ca
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Ontario's 2017 vintage cap-and-trade system is aimed at lowering greenhouse gas emissions by putting caps on the amount of pollution companies in certain industries can emit. To date,
the system has contributed nearly $2.5 billion to Ontario's coffers. (Source: Various Media, Canadaian Press, 8 Mar., 2018)
Contact: Ontario Premier Kathleen Wynne, Ontario Ministry of the Environment and Climate Change, (416) 235-5743, www.ontario.ca/page/ministry-environment-and-climate-change
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The auction was administered by the Ontario Ministry of the Environment and Climate Change, the Quebec Ministere du Developpement durable de l'Environnement et de la Lutte contre les changements climatiques and the California Air Resources Board, using services contracted by the Western Climate Initiative (WCI) Inc., with oversight from an independent market monitor to ensure the integrity of the process.
Download a summary report of the results HERE.
(Source: Ontario Minister of the Environment and Climate Change, PR, 28 Feb., 2018)
Contact: Ministry of the Environment and Climate Change, Hon. Chris Ballard, Minister, Anna Milner, (416) 314-6736, Anna.Milner@ontario.ca; WEstern Climate Initiative, www.westernclimateinitiative.org
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The money, which includes access to $44 million in interest free loans, comes from the proceeds of the province's cap-and-trade program, an integral part of Ontario's climate change action plan that calls for cutting greenhouse gas emissions by 80 pct by 2050.
To date, the university's downtown Toronto campus has reduced reduce its carbon footprint by 50,000 tonnes over the past decade despite while adding 25 new buildings and increasing the student population by 50 pct.
(Source: University of Toronto Newqs, 13 Feb., 2018) Contact: University of Toronto, www.utoronto.ca
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The cap-and-trade cash is part of the $1.4 billion schools received this fiscal year fora backlog of repairs and other work estimated at $15 billion. (Star: Ontario Ministry of Education, Star, 12 Jan., 2018) Contact: Ontario Education Minister Mitzie Hunter, mitziehunter.onmpp.ca
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As of Jan. 1, Ontario will join Quebec and California's carbon market, which has also seen three sold out auctions in a row for current credits.
(Source: Western Star, Various Media, Canadian Pres, 29 Nov., 2017)
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The privately-owned Haliburton Forest, which has pledged to undertake sustainable forest management practices that will generate 75,000 tpy of additional GHG reductions over the long-term, currently sequesters an estimated 8 million tpy of CO2 and will continue to sequester amounts that significantly exceed what would have occurred through common-practice forest management.
The long-term commitment to reducing GHG emissions will be made in the context of a GHG offset protocol being developed by the Ontario Government as part of the cap-and-trade program. The impending forest management protocol will create binding obligations on Haliburton Forest that provide the security that the GHG reductions will be permanent.
(Source: BlueSource Canada, 15 Sept., 2017) Contact: BlueSource Canada, Jamie MacKinnon, VP of Environmental Solutions, (416) 427- 4888, firstname.lastname@example.org, www.bluesource.com; Haliburton Forest,
Malcolm Cockwell, Managing Director, www.haliburtonforest.com
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As previously reported, the province is expecting approximately $1.3 billion in revenue from the newly created cap-and-trade program in 2017 -- the programs first year.
(Source: Ontario Minister of the Environment and Climate Change, CBC News. 10 Aug., 2017)
Contact: Ontario Minister of the Environment and Climate Change, (416) 212-7307, https://www.ontario.ca/ministry-environment-and-climate-change
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To date, the province has committed $325 million to the Green Investment Fund to kick-start climate change actions by:
The auction was administered using services contracted by the Western Climate Initiative (WCI) Inc., with oversight from an independent market monitor to ensure market integrity. (Source: Ontario Ministry of the Environment and Climate Change , 3 April, 2017) Contact: Ontario Ministry of the Environment and Climate Change, (416) 235-5743, www.ontario.ca/page/ministry-environment-and-climate-change
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As previously reported, Ontario natural gas consumers will pay Cap-and-Trade costs as part of their "distribution" charges on natural gas bills. The Residential Tenancies Act, 2006 permits landlords to apply to the Landlord and Tenant Board for higher than usual -- above guideline -- rent increases where the landlord experiences an extraordinary increase in operating costs (such as utilities).
Landlords will not, however, be permitted to include the impact of increased natural gas bills arising from Cap-and-Trade costs in a request for above-guideline rent increases. In effect, the landlords will be required to absorb the impacts. (Source: Aird & Berlis LLP, Aird & McBurney LP, BLOG, 27 Mar, 2017)
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Ontario plans to link its cap-and-trade system with a joint Quebec-California market which, in its most recent auction sold only 18 pct 18 per cent of allowances offered. Previous auction results ranged from a high of 88 pct to only 11 pct on the low end. Since 2014, the linked market has sold 74 per cent of its credits at auction.
Ontario is capping emission allowances at roughly 142 megatonnes this year, declining about four per cent each year to 2020, when the Liberals hope to have achieved a 15-per-cent reduction in greenhouse gas emissions over 1990 levels.
As the emissions cap declines, the government hopes companies have more incentive to invest in technologies that cut their emissions.
Ontario's results will be made public on April 3. (Source: Ontario Environment Ministry, Various Media, 23 Mar., 2017)
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"We know that carbon taxes are just a big cash grab for governments, doesn't this move conflict with the Liberals' stated goals of reducing emissions? At a time when many Ontarians are suffering with drastic increases in hydro bills, Premier Wynne has had to admit that the energy poverty hitting her province is an urgent issue but instead of providing citizens with relief, she's introduced a cap-and-trade plan that will increase the costs of essentials like gas and heat which will do nothing but line the government's pockets.
"The scam gives government a way to take more money out of the pockets of people that are already suffering yet get away with not putting a price on the big emitters who they like to demonize."
(Source: The Rebel in Ontario,
Holly Nichols, Jan., 2017) (Contact: Rebel in Ontario
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The cap, which limits how many tonnes of GHG pollution businesses and institutions can emit, will drop each year to encourage lower emissions. Companies must have enough carbon credits to cover their emissions if they exceed the cap. Companies can trade allowances to help them comply or to sell surplus credits. Facilities and natural gas distributors with over 25,000 tpy of greenhouse gas emissions are required to participate in the program. Electric power importers and fuel suppliers that sell more than 200 lpy are included.
The Ontario Government expects the program to generate approximately $1.9 billion per year which will be invested in projects that cut GHG pollution.
(Source: Canadian Taxpayers Federation, Tax News, 3 Jan., 2017)Contact: Canadian Taxpayers Federation, Christine Van Geyn, Ontario Director , (647) 343-4150, email@example.com,
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Citing the Ontario Auditor General's report that indicates cap-and-trade will cost businesses and households about $8 billion from 2017 to 2020, the Green Party coalition of chambers expressed concern over the tax's economic impact.
The Chambers of Commerce group cited the election of Donald Trump as the next U.S. president was a reason to delay cap-and-trade.
According to the group, if Canada imposes a carbon tax and Trump doesn't, Canadian industries will be hurt. (Source: Various Media, Sudbury Star, 26 Dec., 2016) Contact: Ontario Chambers of Commerce, www.occ.ca
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"The Ontario government's cap and trade scheme will limit the emissions Ontario companies can produce, and they must purchase 'carbon credits' to pay for any emissions above their government assigned limit. These 'carbon credits' are financial products that are traded like other useful things on a government created 'carbon market.' But unlike other commodities such as pork bellies, corn or west Texas crude oil, carbon credits do not actually exist. You cannot touch them. There is no underlying tangible asset. The value of the carbon credit comes from a fictional demand that the government created by forcing businesses to buy them.
"The closest carbon credits come to having a tangible asset is in California, where existing forests can be registered as carbon offset projects. The landowner can register an existing forest with the government, and be issued a carbon offset credit that can be sold. With this kind of offset project, nothing actually changes. Before the registration there is a forest and emissions. After the registration, there is still a forest and emissions, but now the forest owner has a cash infusion. The emitter continues to emit, but incurs a new cost, and pushes that cost down to consumers.
"The idea behind the whole scheme is that it will lead to lower emissions and stop the march of global warming. The problem, like buying a star, is that it doesn't work. Maybe it gives you a warm fuzzy feeling, but the fact is that cap and trade will not achieve anything for the global climate. Canada contributes just 1.65 pct of global greenhouse gas emissions, with only a tiny portion of that coming from Ontario. The buying and selling of carbon credits will make no real difference. In fact, shutting down the entire Ontario economy would make no measurable difference to global climate change.
"But despite not achieving anything for the climate, cap and trade will make things in the province more expensive. Whether it's your home heating bill, your gasoline bill, or the cost of groceries that need to be transported to your local store. Those costs will not be borne by the industries that the government is forcing to buy these products. The costs will be borne instead by Ontario families."
(Source: Canadian Taxpayers Federation , 29 Nov., 2016) Contact: Canadian Taxpayers Federation, Christine Van Geyn, Ontario Director , firstname.lastname@example.org
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Ontario has not proposed a limit on the total number of California and Quebec allowances that can be used in the province nor does it limit Ontario's greenhouse gas emissions from 2017 to 2020.
The commissioner also warns that the province will miss its 2020 emission reduction targets, as most of the impacts from its climate change action plan will happen later than that.
She also claims the provincial action plan is "just a high-level, aspirational document with little detail" and not enough documentation to allow her office to properly evaluate its emission reduction claims. (Source: Ontario Environment Ministry, Canadian Press, 22 Nov., 2016) Contact: Environmental Commissioner of Ontario, Dianne Saxe, Commissioner, Michael Zupanic
Communications & Outreach Co-ordinator (416) 325-3371, email@example.com, www.eco.on.ca
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