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Ontario Emissions Trading: Review and Assessment

The implementation of the Ontario’s Emissions Trading Code (the Code) introduces the use of market-based instruments (MBIs) for reducing emissions of nitric oxide (NO)*and sulphur dioxide (SO2) in that province. This step is intended to help Ontario move ahead on environmental objectives in ways that are consistent with many of the Ontario Government’s key economic objectives including: reducing the deficit, ensuring a sound financial footing for environmental infrastructure and services, encouraging innovation, and enhancing competitiveness1. The Code is intended to supplement the Ontario Regulation 397/01 that governs emissions trading made under the Ontario Environmental Protection Act.
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