On May 19, 2016, two regulations that form the backbone of the cap and trade program became law – the Cap and Trade Program Regulation (O. Reg. 144/16) which took effect July 1, 2016 and the Quantification, Reporting and Verification of Greenhouse Gas Emissions Regulation (O. Reg. 143/16) which takes effect January 1, 2017.
The Ministry is now proposing amendments to clarify policy, technical and administrative requirements of the Program. The amendments include changes to the:
- Cap and Trade Program Regulation
- Methodology for Distribution of Ontario Emission Allowances Free of Charge
- Quantification, Reporting and Verification of Greenhouse Gas Emissions Regulation
- Guideline for Greenhouse Gas Emissions Reporting
The full list of proposed regulatory changes can be viewed through the EBR Regulation Proposal Notice for EBR Registry #012-8953, available here.
Some of the key points to note include:
- Addition of new reporting requirements for indirect emissions from imported Indirect Useful Thermal Energy (IUTE).
- Provides opportunity for facilities with IUTE emissions to join the Cap and Trade Program as a voluntary participant.
The comment period for this Proposal Notice is only available until December 4, 2016.
Comments can be submitted to:
Ministry of the Environment and Climate Change
Climate Change and Environmental Policy Division
Air Policy Instruments and Programs Design Branch
77 Wellesley Street West
Phone: (416) 314-4826
Online via http://www.ebr.gov.on.ca/ERS-WEB-External/searchComment.do?actionType=add¬iceId=MTMwODQ5&statusId=MTk4MjEw¬iceHeaderIdString=MTMwODQ2
For more information in regards to Ontario’s Cap and Trade Program, please contact Marnie Freer.