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)
More Low-Carbon Energy News Ontario Carbon Market, Ontario Cap-and-Trade, Cap-and-Trade, Carbon Market,
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, email@example.com, www.bluesource.com; Haliburton Forest,
Malcolm Cockwell, Managing Director, www.haliburtonforest.com
More Low-Carbon Energy News Ontario Carbon Market, Carbon Sequestration, Ontario Cap-and-Trade, Bluesource, Forest Carbon, Carbon Sequestration,
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)
More Low-Carbon Energy News Ontario Cap-and-Trade, Ontario Carbon Market, Carbon Credit Auction, Carbon Credits,