Climate Change / Renewables

Ontario Publishes Proposed Technical Changes to Cap and Trade Regulations for Comment

On April 5, 2017, the Ontario Ministry of the Environment and Climate Change (MOECC) issued a proposal titled Amendments to Cap and Trade Program Regulation and Quantification, Reporting and Verification of Greenhouse Gas Emissions Regulation. The proposal sets out plans to update how free allowances are calculated for certain industries, as well as plans to […]

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Ontario Creates Green Bank to Fund Low-Carbon Tech

As promised in the Climate Change Action Plan, Ontario recently announced the creation of the Ontario Climate Change Solutions Deployment Corporation, also known as the Green Bank. The new provincial agency was created by the recently enacted regulation, Ontario Climate Change Solutions Deployment Corporation (O.Reg 46/17). It will “focus on reducing market barriers to deployment […]

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Strong Results from Ontario’s First Carbon Credit Auction

On April 3, 2017, the results from Ontario’s first Cap and Trade Program Auction of Greenhouse Gas Allowances were released. As explained in the Ministry of the Environment and Climate Change news release, all available current allowances were sold, along with more than one quarter of the future allowances available for sale. The auction was […]

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Ontario Proposes to Restrict Landlords from Passing Cap and Trade Costs to Tenants

On March 23, 2017, the Ontario Ministry of Housing issued a Notice in the Regulatory Registry proposing changes to the General Regulation under the Residential Tenancies Act, 2006. These changes would stipulate that a landlord’s carbon costs within natural gas bills cannot be included when calculating above-guideline rent increases. This change is proposed in response […]

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Federal Budget Offers Opportunities for Cleantech Firms and Geothermal Energy

On March 22, 2017, Minister Bill Morneau presented the 2017 Federal Budget to Parliament (Budget 2017). As discussed in the Aird & Berlis LLP Tax News Flash, Budget 2017 addresses a wide range of items and proposes to build on the Government’s previous actions and to introduce targeted investments aimed at fostering economic growth and […]

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