Carbon Price

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(Back)Stopping Climate Change – Overview of the Federal Carbon Tax
(Back)Stopping Climate Change – Overview of the Federal Carbon Tax 600 392 Mantle

This guest post was contributed by Denisa Mertiri* In December 2015, the Canadian federal government adopted the Paris Agreement’s commitment to intensify actions and investments for a sustainable low-carbon future and to limit global average temperature rise to well below 2°C above pre-industrial levels. In 2016, to honour this commitment, the Government of Canada published…

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2017 Cap and Trade Auction Results: Strong Markets Continue to Generate Revenues
2017 Cap and Trade Auction Results: Strong Markets Continue to Generate Revenues 600 400 Mantle

On December 6th, Ontario announced the results of the province’s fourth and final cap and trade auction of 2017. This was the last auction to take place before Ontario links to California and Quebec’s carbon market on January 1st, 2018. A total of 20,898,000 current (2017 vintage) allowances and 3,116,700 future (2020 vintage) allowances were…

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Ontario’s First Cap and Trade Auction Brings in $472M
Ontario’s First Cap and Trade Auction Brings in $472M 600 400 Mantle

On March 22, 2017, Ontario held its first greenhouse gas emissions allowance auction under the cap and trade program.  The results, released earlier this week, proved a strong start to Ontario’s carbon market with 100% of current 2017 vintage allowances being sold at a price of $18.08. The auction generated $472,031,155 in proceeds, an amount consistent with previous…

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Carbon Pricing Developments Across Canada
Carbon Pricing Developments Across Canada 1024 680 Mantle

Carbon pricing was a major topic of discussion in the recent Pan-Canadian Framework on Clean Growth and Climate Change, with the federal government requiring provinces and territories to adopt a carbon price by 2018. The Framework gives provinces the choice of carbon tax, cap and trade, or a combination with common scope of emissions coverage.…

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Pan-Canadian Framework on Clean Growth and Climate Change Outlines Coordinated Plan for Significant Emissions Reductions
Pan-Canadian Framework on Clean Growth and Climate Change Outlines Coordinated Plan for Significant Emissions Reductions 1024 680 Mantle

Following the First Ministers’ Meeting on December 9th, Canada’s First Ministers issued a joint communiqué and released the Pan-Canadian Framework on Clean Growth and Climate Change (the “Framework”). Governments across Canada will, for the first time ever, work under a coordinated plan to meet national climate targets and adapt to the impacts of climate change.…

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Decarbonisation, Electrification and Early Action: Canada’s 2050 Strategy for a Low-Carbon Economy
Decarbonisation, Electrification and Early Action: Canada’s 2050 Strategy for a Low-Carbon Economy 1024 683 Mantle

With COP 22 coming to a close in Marrakech last week, the Government of Canada quietly released a report titled Canada’s Mid-Century Long-Term Low-GHG Development Strategy at the conference. The report outlines the path required to reach the net emissions decrease of 80% by 2050 from 2005 levels; consistent with Canada’s commitments to the Paris…

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Ontario Releases Cap and Trade Proposal and Funding to Jump-Start the Transition to the Low-Carbon Economy
Ontario Releases Cap and Trade Proposal and Funding to Jump-Start the Transition to the Low-Carbon Economy 1024 645 Mantle

On February 25, the Ontario government posted its draft cap and trade regulatory proposal for a 45-day public and stakeholder comment period. Covering select large industrial emitters, natural gas distributors, petroleum product suppliers and importers of electricity, the proposed program captures 82% of the province’s total GHG emissions. The regulatory proposal is accompanied by a proposal…

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