June 13, 2018 by Emily Jackson
(Source: TVO) Doug Ford was unwavering on the campaign trail: he will “scrap” cap and trade, and oppose any effort by the federal government to implement a carbon tax. But while that idea might’ve played well during the election, dismantling the carbon market is not going to be easy.
The carbon market is a multi-national pollution pricing system that involves Ontario, Quebec, and California. Companies are able to purchase allowances, or permits, that offset the pollution they expect to emit over a given period. If a company emits less than the expected amount, they can sell their allowances to other companies that emitted more. Read full article