Ontario To Take Landmark Climate Change Action collective-evolution
Last month, the province of Ontario passed revolutionary climate change legislation that lays the groundwork for them to join the largest carbon market in North America, linking them with the Quebec and California market already in place. This measure guarantees that the province will responsibly invest the proceeds from the cap-and-trade program into actions that will reduce greenhouse gas pollution, generate jobs, and assist both people and businesses make the change to a low-carbon based economy. Under the Climate Change Mitigation and Low-Carbon Economy Act , the funds that are produced from the cap-and-trade program will be deposited into the province’s “Greenhouse Gas Reduction Account.” Every Canadian dollar that is raised will be invested in initiatives to reduce harmful GHG pollution and further the transition to a low-carbon economy. Upon royal assent, the province is expected to officially launch the new cap-and-trade system January 1, 2017. While it...
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