Ontario promises to reveal cap-and-trade plan details within weeks

Ontario's Liberal government is promising all the details of its cap-and-trade plan to put a price on carbon and reduce greenhouse gas emissions will soon be public.

Environment Minister Glen Murray says government wrapping up negotiations with manufacturers and big polluters

Minister of the Environment and Climate Change Glen Murray releases a climate change discussion paper at a press conference in Toronto, Thursday, February 12, 2015. (Ontario Ministry of the Environment and Climate Change/Canadian Press)

Ontario's Liberal government is promising all the details of its cap-and-trade plan to put a price on carbon and reduce greenhouse gas emissions will soon be public.

Environment and Climate Change Minister Glen Murray says the government is wrapping up consultations with manufacturers and large polluters on what he admits is a very complex design for the cap-and-trade initiative.

Murray says there will legislation and a regulation that will spell out details of the plan, which will impose pollution limits on companies but allow them to buy credits if they exceed their limit or sell their credits to other polluters if they're under.

Ontario plans to join existing cap-and-trade markets in Quebec and California, which allow companies in each jurisdiction to buy and sell emission credits, or allowances, from each other.

Progressive Conservative Leader Patrick Brown says the Liberals have held several photo-ops to tout their cap-and-trade plan, but still haven't released any details.

During question period, Brown said Ontarians deserve to know exactly how much the plan to cut greenhouse gas emissions will cost them every year.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.