Ontario has joined Quebec and California in a cap-and-trade system that puts a price on carbon in a bid to reduce emissions that contribute to climate change. To the extent this occurs, the cap-and-trade program will further reduce deficits/increase surpluses,” it said. building retrofits and regional express rail), resulting in the cap-and-trade program generally reducing deficits/increasing surpluses,” the study found. The cap-and-trade plan to reduce greenhouse gas emissions should boost cash-strapped Ontario’s bottom line, but fluctuating currency and carbon prices could be a problem, warns the province’s fiscal watchdog. Under such a scheme, industries have greenhouse gas emission limits — or caps.

Source: thestar November 23, 2016 15:04 UTC