Thank you for the…

Thank you for the opportunity to comment on the Ontario Offset Credits regulation.

The draft offsets regulation is a good contribution to the Ontario Cap and Trade Program. We believe that the system will work best with maximum liquidity and access to cost effective emissions reductions from all sectors of the economy in as broad a geographic range as possible.

As we have noted before, we urge the Ontario Government to consider raising the 8% limit on the use of offsets. While we realize the need to link with California and Quebec, we believe that the limit on offsets use should be increased over time to encourage the widest participation possible.

We further think that the regulation should be constructed in a manner that is flexible and will be mindful of the emergence of other markets in Canada, the US and beyond. Design of the rules on offsets needs to be consistent with emerging international programs.

Finally, we are supportive of the direction outlined in the draft regulation regarding defining the eligibility of offset initiatives as those that are located in Canada and having begun on or after January 1, 2007.

[Original Comment ID: 211347]