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Carbon price impact from Ontario cap-and-trade entry seen limited

October 3, 2016 by Billy Hamshaw

(Source: Reuters) The introduction of Ontario, Canada’s industrial powerhouse, to the Californian and Quebec carbon market will have little impact on prices, say experts. Despite expanding the market by 30%, bringing in new buyers to the market, ‘we don’t expect to see a tremendous change in where prices are currently’ says Matt Rodriguez, California’s secretary for environmental protection. The Ontario government will introduce the scheme in a bid to decarbonize the energy sector in a cost effective manner and are taking measures to prevent companies from leaving the province for less regulated states. Read full article…

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