Event Recap – ONTARIO’S CAP AND TRADE LEGISLATION

Posted on Oct 6, 2016 by Patricia Bernardo

Tom Darling, Manager Sustainability - KPMG
Tom Darling, Manager Sustainability - KPMG

On Tuesday September 20th, NSI held its first event of the 2016-2017 season. The event was a big success, welcoming 75 guests. A summary of the event, and helpful links, are provided below. Additional questions can be directed to Melissa at melissa@niagarasustainability.org.

Paul Hullar, President &CEO - Brightware Energy
Paul Hullar, President &CEO - Brightware Energy

Event Objectives
1. Provide an overview of the incoming cap and trade system
2. Discuss potential impacts at a local level, drawing on comparisons from California and the European Union
3. Provide a forum for discussion around challenges and opportunities, drawing on experience from local businesses & fostering collaboration

Speakers

Tom Darling, Tax Manager, KPMG

Tikvah Mindorff, Executive Director - Niagara Sustainability Initiative (NSI)
Tikvah Mindorff, Executive Director - Niagara Sustainability Initiative (NSI)

- Tom discussed the requirements for opting in to the cap and trade system
- Those interested in participating voluntarily are encouraged to review the process as outlined by the MOECC, paying attention to dates and deadlines
- Facilities may be interested in opting in due to: a drop in the GHG reporting threshold; increased fuel and gas costs; or the distribution of allowances free of charge

Marcel Oestreich, Assistant Professor, Brock University

- Dr. Oestreich described cap and trade from an economics perspective using examples from the EU
- The EU is a great learning experience for Ontario, since the EU has phases similar to Ontario and is still on track to hit targets
- In the EU, many companies passed the cost of cap and trade onto consumers by increasing the output price, even if they received free allocations
- Suggestion to comply through investing, burning less, and purchasing allowances

Paul Hullar, Founder and CEO, Brightwave Energy

- Paul brought his expertise from his experience with California and discussed how companies can “win” with cap and trade
- Included a real life example, demonstrating that reducing emissions is more profitable than purchasing allowances
- Stressed the importance of having a flexible plan, as legislation can drastically change, and of having strategic partners

Panel Discussion

Bobbie Thoman, Market Research Analyst, Walker Environmental

- According to TD Bank, the cost of not preparing for climate change will be 5 billion annually by 2020, due to severe weather events
- Walker Industries was one of the first companies in Canada to quantify, verify and sell carbon offsets – voluntary market serves as a precursor for the regulated market

Emily Keene, Associate, Lancaster, Brooks & Welch LLP

- Key features of the legislation include: provincial authority for climate change programs; confirmation of Ontario’s emission reduction targets; allowances and levels of participation; and the Greenhouse Gas Reduction Account
- Organizations interested in determining the impact of the legislation on their operations should consult an environmental lawyer, and other experts, early on

Scott Johnstone, Director of Maintenance and Utility Services, Brock University

- Brock University is one of the few mandatory participants located in the Niagara Region, largely due to its on-site co-generation plant
- For the majority of local businesses (i.e. those under 10,000 tonnes), cap and trade will be primarily seen as an increase in energy bills
- Emphasized the unknowns past 2020 and recommends individuals stay informed and provide feedback to the MOECC

Helpful Links

Pictures of the event can be found here. Coverage from TVCOGECO can be found here.

For further background information and next steps, read our white paper: Ontario’s Cap and Trade Legislation—Local Perspectives & Opportunities.

A special thank you to White Oaks Resort, our venue sponsor, and Marnie Cluckie of the Niagara Region, our Master of Ceremonies.

Local posts

Img 2228

Book Signing was a huge success!

Posted on Jan 22, 2017
A steady stream of awesome readers came to see Author Shay Lee Soleil at the Atlas Tube Centre January 14th....
Windsor Read more
N2n exterior 02

N2N Books

Posted on Jan 20, 2017
N2N Books, the Neighbour to Neighbour Centre Used Book Store, provides entertaining and informative reading for the entire community at...
Hamilton Read more
Ae

Uptown Beauty Lounge Grand Opening

Posted on Jan 20, 2017
On December 1st 2016, we moved from our shared unit at King and Columbia to our big, bright, and beautiful...
Waterloo Read more
Img 0180

Hollerado with Little Junior ad Eleven North

Posted on Jan 20, 2017
Hollerado came, saw and delivered. We had the pleasure to host them three times and they never disappoint. Amazing show!Little...
Fort Erie Read more
1. group picture

Celebrating the Year of the Rooster

Posted on Jan 18, 2017
The Year of the Monkey is coming to an end. The Richmond Hill and Markham Chinese Business Association (RHMCBA) hosted...
Markham Read more
Em jul 4 8 4

Ottawa Maverick Volleyball Community Youth Programs Begin!

Posted on Jan 18, 2017
As one of Ontario's premier sports Clubs, Ottawa Maverick Volleyball Club has been delivering developmental and competitive programs in Ottawa...
Ottawa Read more
Ssnap call for submissions poster 9.59.24 am

The Salt Spring National Art Prize Calls to Artists - $30,000 in Awards

Posted on Jan 18, 2017
Communities across Canada are exemplary in providing a means for people to express their artistry, for the magic invoked by...
Toronto Read more
Perviousconcrete lunchandlearn jan2017

Let the rain drain – supporting low impact development within the GRCA

Posted on Jan 18, 2017
Stormwater runoff occurs when rain or snowmelt flows off hard surfaces rather than being absorbed by vegetation and soils. In...
Northumberland County Read more
Domb 024

Daniel Domb at Crosscurrents Cafe Friday January 13

Posted on Jan 17, 2017
Carey Domb, guitar, and Daniel Domb, cello, gave a deeply expressive, virtuoso performance at CrossCurrents Caledon last Friday night. Daniel...
Caledon Read more
Hogmanay 2016 seaninmotion.ca 8460

Hogman-eh! 2016: Good-bye 2016 / Hello 2017 Scottish Style!

Posted on Jan 13, 2017
Aberdeen Pavilion at Lansdowne was again the location for the fifth Hogman-eh! It was a full happy smiling-faced crowd all...
Ottawa Read more
Fun with lifeguards 2sm 1024x854

Divas Changing Lives

Posted on Jan 12, 2017
This past event in October 2016 was our 5th annual, The Beautiful You - Sea, Sand & Surf was a...
Burlington Read more
Img 8087

Cedar Ridge Creative Centre Presents: Contemporary Art Exhibitions

Posted on Jan 12, 2017
IN THE GALLERY: Contemporary Exhibition Schedule for 2017 Twelve talented artists will be exhibiting in our Contemporary Stream from January...
Toronto Read more
St. catherines header

Rosewood Country performs in Bowmanville

Posted on Jan 7, 2017
ROSEWOOD COUNTRY performed as a 3-piece band in Bowmanville during the Christmas holidays. We performed at one of our regular...
Clarington Read more
Melos and h art together in concert

Melos Star in the East II Concert a Standout

Posted on Jan 5, 2017
Melos Choir and Period Instruments ushered in the Advent and Christmas season with an outstanding concert. The beautiful interior of...
Kingston Read more
Group shot

Peterborough Choir’s Christmas Tea a Resounding Success

Posted on Jan 4, 2017
On December 10, 2016, the Kawartha Music Company Chorus, a women’s a capella choir held a Christmas Tea and Singalong...
Ontario Read more