Effective July 6, 2017, four (4) amendments to the cap and trade and greenhouse gas emissions reporting were promulgated. Improvements to the newly promulgated Cap and Trade Program (O.Reg. 144/16) include administrative amendments which provided clarity on financial assurance provisions, acceptable form of letters of credit and flexibility on auction related time limits. The amendments to the methodology and refinement on Ontario emission allowances includes distribution of transitional allowances for pulp and paper, mineral wool insulation, used oil processing and chemical sectors as well as updated sector benchmarks on cogeneration for beer and industrial ethanol sectors. A guideline for reporting greenhouse gas emissions was identified and changes to requirements for reporting emissions for certain sectors as well as clarification on the verification of the production data of capped participants.
Further information on the notice can be found on Ontario's Environmental Registry website.