Cap and trade: What Ontario’s shift on emissions will mean

Categories: Big picture
Published on: April 13, 2015

Globe and Mail / Adrian Morrow / 13 April 2015

web-na-ont-emissions-explainedOn Monday, Premier Kathleen Wynne formally announced what The Globe revealed two weeks ago: that Ontario will launch a cap-and-trade system for carbon emissions.

The plan is to link Ontario’s system to those already in place in Quebec and California, creating a carbon market of 61 million people and covering more than half of Canada’s economy.

The details still have to be worked out over the coming months, but the broad outlines are clear. Here’s how it works.