Ontario introduces cap and trade legislation

Submitted by hlowengard on Thu, 06/04/2009 - 21:37.
12/31/1969 - 20:33
Etc/GMT-4
Story Link: 
http://www.reuters.com/article/GCA-GreenBusiness/idUSTRE54Q4AU20090527
Source: 
Reuters
Pub Date: 
27 May 2009
Category: 
International
The province of Ontario has introduced legislation to create a cap and
trade program to lower industrial emissions of carbon dioxide and other
greenhouse gases.
If the legislation is expected to help the province meet climate change
commitments to reduce GHG emissions by 6 percent below 1990 levels by
2014 and 15 percent by 2020. Ontario would be the third province to
adopt a cap and trade system, after British Columbia and Quebec.
Manitoba is expected to soon follow.
All four provinces are part of the Western Climate Initiative, which
was launched in 2007 and also includes seven U.S. states, including
California, Arizona and Washington.