Ontario is working actively with other North American jurisdictions to pursue a common approach to cap-and-trade. In July 2008, Ontario joined the Western Climate Initiative – a group made up of seven western states and Quebec, British Columbia and Manitoba. In June 2008, Ontario signed a Memorandum of Understanding with Quebec to collaborate on a regional cap-and-trade system for greenhouse gases. Ontario is also a member of The Climate Registry, participates as an observer in other greenhouse gas cap-and-trade initiatives, and is exploring opportunities for further cooperation with the federal government to develop a cap-and-trade program that reflects Ontario's priorities and is aligned with other systems to provide broad access to trading.
If passed, the proposed amendments to the Environmental Protection Act would support Ontario’s ability to develop a cap-and-trade program for greenhouse gases that can be integrated with other systems.
The ability to link to greenhouse gas cap-and-trade systems in other jurisdictions including Quebec, other Western Climate Initiative partners and any future North American trading system provides for broader access to trading and a more effective trading system.