Despite being responsible for only a minute amount of the world’s greenhouse emissions, Ontario Premier Kathleen Wynne says her province still has a role to play in the fight against climate change.
With that, residents can expect to see their contributions in the form of heating bills and increased prices at the pumps in January.
Ontario will bring it’s new cap and trade system early in the new year, which is expected to start businesses on the path to developing cleaner technologies thanks to money collected from emission auctions.
“I know there’s some anxiety in the business community, but, we chose cap and trade because it’s not just a financial burden they actually get money back in order to innovate.” Wynne said.
Even though the province has shut down all coal-fired electrical generation stations, Wynne says more must be done in order for Ontario to reach it’s commitments to fighting climate change.