Toronto, ON – The Canadian Environmental Law Association applauds the passage of the Climate Change Mitigation and Low-carbon Economy Act. The new law is an important milestone towards reducing greenhouse gas emissions in Ontario.
The newly passed legislation will establish a cap and trade market among the large emitters in Ontario, effectively setting a price on greenhouse gas emissions. The revenue will be deposited into the Greenhouse Gas Reduction Account and used to fund projects that mitigate climate change.
“Carbon pricing is essential to our transition towards a low-carbon future,” said Theresa McClenaghan, Executive Director of the Canadian Environmental Law Association. “The new law provides a framework for achieving Ontario’s greenhouse-gas reduction targets.”
Much of the greenhouse gas reductions will be realized through the programs funded by the Greenhouse Gas Reduction Account, which allows the Minister to prioritize programs that reduce emissions and address the needs of vulnerable Ontarians.
The effects of climate change disproportionately impact low-income populations. “It is essential that the needs of low-income and vulnerable communities be addressed during the implementation of the new law, and we look forward to working with the government as more details regarding Ontario’s Climate Change Action Plan are finalized,” said Jacqueline Wilson, counsel with the Canadian Environmental Law Association.
For more information please contact:
Jacqueline Wilson, counsel
Tel.: 416-960-2284 x 7213