Tag Archives: cap-and-trade

Cap & Trade 2.0: California Fine Tunes and Extends Cap & Trade Program to 2030

On July 17, 2017, the California legislature passed legislation to extend the state’s cap-and-trade program to 2030 (the program was originally set to expire in 2020). Bill AB 398 received broad bi-partisan support and was passed with a two-thirds majority vote, which is the threshold required to pass tax laws in California. With a super-majority … Continue Reading

California Dreaming: The Golden State Considers Overhauling its Cap & Trade System

California continues to blaze a climate change policy trail in pursuit of a state-of-the-art carbon pricing mechanism. Bill SB 775 (California Global Warming Solutions Act of 2006: Market-based Compliance Mechanisms) was introduced into the California Senate on May 2, 2017, and follows the introduction in February 2017 of SB 584 (which would require 100% of … Continue Reading

Ontario’s Cap-and-Trade System: In Effect and Moving Forward

On January 1, 2017, Ontario’s cap-and-trade system came into effect. As we have outlined in previous blog posts, January 1, 2017 is the start of the first four-year compliance period for the cap-and-trade program, which compliance period will end on December 31, 2020. Thereafter, the cap-and-trade program compliance periods will be three-years long, aligning with … Continue Reading

Taking the Bull by the Horns: Federal Government Introduces Pan-Canadian Carbon Price and Ratifies Paris Agreement; Paris Agreement to Come into Force in November 2016

The week of October 3, 2016 was an eventful one for Canadian climate change policy as the federal government introduced a pan-Canadian carbon price and ratified the Paris Agreement. Following the federal election in October 2015, indications were that all provinces and territories would be expected to price carbon. This was confirmed on October 3, … Continue Reading

Words into Action: Ontario Gets Ready for Implementation as it Releases Final Regulations for Cap-and-Trade Program and Greenhouse Gas Reporting

As we reported earlier, the Ontario government passed the final version of the Climate Change Mitigation and Low-carbon Economy Act, 2016 (the Act) on May 18, 2016. The Act received Royal Assent later that same day and is now in force. On May 19th, the government posted the final version of The Cap and Trade … Continue Reading

Full Steam Ahead: Ontario Releases Draft Cap and Trade Regulations and Revised Guideline for GHG Reporting

The Ontario government has released its first regulation – The Cap and Trade Program Regulation (the Draft Regulation) – under the proposed Climate Change Mitigation and Low-Carbon Economy Act, 2016 (the Act, which is discussed in further detail here). The Draft Regulation sets into motion Ontario’s plan to reduce its greenhouse gas (GHG) emissions 15% … Continue Reading
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