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Ontario’s carbon pricing future uncertain between cap-and-trade and carbon tax

January 4, 2018 by chandan.kumar

(Source: The Canadian Press) Ontario’s first year of carbon pricing brought in nearly $2 billion, but uncertainty looms over the program’s future as the province faces an election in 2018 that could see its cap-and-trade system replaced with a carbon tax. The system, launched in 2017, is aimed at lowering greenhouse gas emissions by putting caps on the amount of pollution companies in certain industries can emit. If they exceed those limits they must buy allowances at quarterly auctions or from other companies that come in under their limits. Read full article….

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