Ontario passes the the Climate Change Mitigation and Low-Carbon Economy Act

In our post on February 4, 2016: Ontario introduces new climate change legislation we reported the Ontario Government’s introduction of  the Climate Change Mitigation and Low-Carbon Economy Act. That Act was passed today and awaits royal assent before becoming law.

Under the Act, money raised from Ontario’s cap and trade program will be deposited into a new Greenhouse Gas Reduction Account. The account will invest every dollar in green projects and initiatives that reduce emissions.

Following extensive consultation with industry and other groups, the legislation was strengthened to require enhanced accountability and public reporting on the province’s upcoming Climate Change Action Plan and investment of cap and trade proceeds.

Ontario will post its final cap and trade regulation upon royal assent of the legislation. The regulation covers detailed rules and obligations for businesses participating in the program. ____________________________________________________________

Manning Environmental Law is a Canadian law firm based in Toronto, Ontario. Our practice is focussed on environmental law, energy law and aboriginal law. 

Paul Manning is a certified specialist in environmental law. He has been named as one of Canada’s leading Environmental Lawyers by Who’s Who Legal: Canada and ranked by Lexpert as one of Canada’s Leading Energy Lawyers.

As always, these posts  are provided only as a general guide and are not legal advice. If you do have any issue that requires legal advice please get in touch. Our contact details can be found here

This entry was posted in carbon credits, Climate Change, emissions trading scheme, Environment, Environmental, Uncategorized and tagged , , . Bookmark the permalink.

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