A Greenhouse Gas Cap‐and‐Trade System for Ontario

The Ontario government understands that this is a pivotal time for the province – for our environment, our economy, and the future well‐being of our people. We face two enormous challenges: climate change and the global economic crisis. Both must be addressed. As we act on the economic crisis we must, at the same time, move forward to lay the foundation for a low‐carbon economy.
In a time of scarce financial resources, we must implement reinforcing economic and environmental policy frameworks, and we must do so in harmony with surrounding jurisdictions, whether in Canada or with our neighbours to the south. Cooperation and reinforcing policies are critical to reducing the cost of adjusting to new environmental and economic realities.

To view the original document, click here.