Ontario’s Progressive Conservative (PC) government on Thursday unveiled its new carbon tax-free climate strategy, which will see it use output-based performance standards (OBPS) for large emitters while incentivising additional GHG cuts through a fund to reach weakened 2030 reduction targets.
The 54-page ‘Made-in-Ontario’ proposal will “hold polluter...
Canadian emitters to face 12 Mt shortfall under OBPS in 2019 -analysts
Large Canadian emitters to be regulated by the federal government’s output-based pricing standard (OBPS) from 2019 will face a compliance unit deficit of nearly 12 million tonnes during the market’s inaugural year, according to a new report released Monday.
Analysts cut WCI price forecast as fuel sales slow
A mounting allowance surplus spurred by declining fuel sales in the WCI cap-and-trade programme should result in smaller price gains than previously expected following Wednesday’s auction and into the next decade, according to analysts.
Toronto-based consultants ClearBlue Markets said gasoline sales h...