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Ontario auction proceeds will be invested to fight climate change

June 16, 2017 by Ronjoy Bezbarua

(Source: Government of Ontario News) The auction generated an estimated $504,182,190 in proceeds, which by law will be invested in programs that will reduce greenhouse gas pollution and help families and businesses reduce their own emissions through the Climate Change Action Plan. Proceeds from the province’s carbon market auctions are funding programs that help people and businesses across Ontario reduce pollution, including: $50 million for improved cycling infrastructure in cities to reduce commuting trips in gasoline vehicles, $200 million to improve energy efficiency and lower GHG emissions in public schools by installing new, more efficient windows, lights and furnaces, $100 million to help homeowners reduce their energy bills and cut emissions in their homes through high-efficiency retrofits etc. Read full article….

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