Mondaq Business Briefing › Nbr. 2009, January 2009
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Ontario Releases Draft Greenhouse Gas Emissions Reporting Regulation And Guideline: Proposed Regulation Includes Phased-In Requirements And Supports The Implementation Of A Cap And Trade Program.
On October 7, 2009, the Ministry of the Environment ("MOE") released a draft Greenhouse Gas ("GHG") Emissions Reporting regulation (the "Regulation"), which the Ontario Government envisions will form the basis of a provincial cap and trade system. The announcement follows the introduction of Bill 185 on May 27, 2009, an act aimed at implementing a GHG cap and trade system in Ontario which has received Second Reading and is currently before committee. The Regulation is intended to align Ontario's proposed system with programs being developed in other parts o...
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