Ontario is launching a cap and trade carbon program that matches with the existing programs in Quebec and California. This is a good thing for adoption of carbon-conscious economics even if the system isn’t perfect. The program is being praised by Greenpeace and other environmental NGOs.
And this program is happening despite the obvious incompetence of Canada’s federal government, including their support of the shameful tar sands.
The plan would increase the scope of the market to 61 million people and half of Canada’s economy.
Premiers and territorial leaders are poised to meet in Quebec City Tuesday to discuss an environmentally responsible Canadian energy strategy, which they agreed to in Charlottetown last August. Their goal is to flesh out the strategy before UN climate talks in Paris in December.