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NIAGARA FALLS, ONT. — Premier Kathleen Wynne is defending the Liberal government’s decision to introduce a cap-and-trade program next year to combat climate change, calling Ontarians “very bad actors” when it comes to creating greenhouse gases.
Wynne admits Ontario led the way in fighting climate change by shutting down its coal-fired electrical generation stations, but said the province must do more even though it produces only fraction of the world’s greenhouse gas emissions.
“And even though we’re a small percentage overall of the global greenhouse gas emissions, we’re very bad actors in terms of our per capita creation of emissions.”
Business groups have expressed concerns about the economic impact of cap-and-trade, which will require polluters to buy emission credits that they can sell if they come in under their limit or buy from others if they can’t meet their targets.
The Liberals chose cap-and-trade over a carbon tax because the money raised from emission auctions will be used to help businesses reduce their greenhouse gas emissions, in part by developing new, clean technologies, she added.
“We are developing the capacity to develop clean technologies that we can obviously use here in industry to reduce greenhouse gas emission, but we can also export that technology,” she said. “That’s the kind of combined motivation.”
Wynne insisted she wasn’t worried that two auctions for the cap-and-trade market with Quebec and California that Ontario is set to join next year sold just a fraction of available emission allowances.
“It is a market and it goes up and down,” said Wynne. “Overall it has been a very productive market. The key thing is that we set targets and we see those greenhouse gas emissions go down.”
Money raised from the emissions auctions will be used to help Ontario companies reduce their greenhouse gases, added Wynne.
“That money will be reinvested in businesses to help them to make the transmission and to develop innovative strategies,” she said. “We’ll be measuring the reductions in the greenhouse gas emissions and … giving people clear insight into how that money is being invested.”
Ontario will cap emission allowances at roughly 142 metric tonnes per year in 2017, and the cap is expected to decline 4.17 per cent each year to 2020, when the Liberals hope to have achieved a 15-per-cent reduction in greenhouse gas emissions over 1990 levels.