Provinces considering carbon pricing are watching Ontario’s first cap-and-trade auction

By Allison Jones, Ottawa Citizen, March 21, 2017

TORONTO — Ontario’s cap-and-trade system aimed at lowering greenhouse gas emissions begins in earnest Wednesday with its first auction, which other provinces said they will be watching closely as they consider their own carbon pricing plans.

The provincial Liberal government hopes the auction — held every three months — will bring in $1.9 billion a year, or $8 billion by the end of 2020, to be invested in programs that reduce emissions and help businesses and consumers adapt to a low-carbon economy.

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