Canada

Recycling Cap-and-Trade Revenues in Ontario: Experts Weigh In

Issue: 
Chris Ragan, EcoFiscal Commissioner Chair

Ontario finalized its cap-and-trade program in June, and will conduct the first auction in July. As a member of the Western Climate Initiative, the province has also signaled its intent to link its system to similar ones operating in Quebec and California. The Climate Change Mitigation and Low-Carbon Economy Act mandates that revenues from Ontario’s auctions go into the Greenhouse Gas Reduction Account to fund a number of diverse programs aimed at reducing greenhouse gas emissions. But experts disagree on how the province can best recycle the cap-and-trade revenue. Before the program was finalized, the Canada EcoFiscal Commission hosted a roundtable of advocates from around the country representing priorities from social inequality to business development. VX News presents an excerpt of the debate with remarks by Chris Ragan, chair of the Canada EcoFiscal Commission; Rick Smith, executive director of the Broadbent Institute; Vicky Sharpe, senior fellow at the International Institute for Sustainable Development; Mike Moffat, chief economist at the Moet Center; and Mark Cameron, executive director of Canadians for Clean Prosperity.

Cleantech Investor Tom Rand on Parallels of California and Canada's Cleantech Markets & Government Initiatives

Tom Rand is a well-known investor and entrepreneur and is the Cleantech Practice Lead Advisor at theMaRS Discovery District in Toronto, Canada. Ahead of an LAEDC trade mission to Toronto, VX asks Rand how markets are beginning to reflect the realities of climate change and what parallels exist between cleantech investment in California and Canada. Rand notes that as the pressures of climate change emerge, industries across all sectors, from mining to forestry to manufacture, will have to plan carefully to reduce carbon emissions as part of staying flexible with a changing economy. <See: http://vxcanada.ca/> 

VX2021 Speakers: