Ontario is part of the Western Climate Initiative (WCI), which is a multi-state and multi-province effort to develop a regional market-based approach for reducing greenhouse gas (GHG) emissions. The WCI is proposing a broad cap-and-trade program to be part of the comprehensive regional efforts to reduce emissions of GHGs to achieve the WCI 2020 regional goal. Mandatory measurement and reporting is proposed to support the cap-and-trade program. These reporting requirements will be considered by Ontario in the development of Ontario's own cap-and-trade program.
After WCI reporting consultations are completed, the WCI expects to release the final model rule, which can then be adopted by partner jurisdictions into their own regulations to the extent that the final model rules are customizable to the laws of the individual jurisdiction. The ministry has decided to publish this information notice to alert the public of the WCI’s proposal. Ontario will provide further opportunities for stakeholder input through on-going Ontario based cap-and-trade consultations launched December 10, 2008, and as Ontario works with the federal government to minimize duplicative reporting requirements. It is in this context that Ontario will consult with stakeholders on its own reporting proposal over the coming months.