The Ontario Government introduced Bill 4: Cap and Trade Cancellation Act, 2018 (Act) on July 25. When it becomes law, the Act will repeal Ontario's cap and trade legislation and "retire" or "cancel" the emissions allowances and offset credits held by Ontario participants, including those purchased at auction. The Act is expected to become law in the coming weeks, though it may undergo changes as it proceeds through the legislative process. Although the Act provides the framework for the wind down of cap and trade, certain specifics, such as the amount of compensation available to eligible participants for cancelled cap and trade instruments, will be prescribed by regulations which have not yet been published.....
The Ontario government suddenly cancelled hundreds of millions of dollars worth of programs meant to fight climate change on Tuesday, without anybody apparently being responsible for it.
Rebate programs for home energy-efficiency improvements such as new windows, smart thermostats and better insulation were the red flag, as the clearinghouse website for them was taken down and replaced by a notice saying they were closed. A subsidy program for new solar panels won’t launch. A $300-million fund for business-led experiments in reducing energy use went splat.
The abruptness of the cancellation is sending renovations higgledy-piggledy. The window-replacement rebate, worth as much as $5,000 if you’re doing a major upgrade, has been particularly popular. Since many windows are custom-made and take a lot of lead time to plan, manufacture and install, some property owners who’ve already started projects will very likely miss the new end-of-summer deadline for getting their final paperwork submitted.
A minister would ordinarily have to answer for the consequences of this decision because a minister would ordinarily have to order such a change.
Doug Ford's decision to cancel green incentive programs across Ontario has owners in the industry calling it an "assault on green energy" and a step in the wrong direction.
If we were totally dependent on Ontario as a business, we would not exist anymore.- Klaus Dohring , president of Green Sun RisingThe owner of Green Sun Rising in Windsor said they'll definitely feel the pinch in the short-term since there's no longer government cash being dangled in front of consumers enticing them to go green.
"In the last few years the available business for a solar company within Ontario was insufficient to keep the boat floating," said Klaus Dohring, president of Green Sun Rising, which supplies solar systems.