Ministry response to call for deferral of Cap and Trade

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Carbon pricing is now the reality across Canada and Ontario is moving forward with the Climate Change Action Plan, which includes cap and trade, because it is best suited for our economy.  Third-party economic experts have confirmed that our plan is both the most cost effective and best at reducing emissions compared to carbon pricing alternatives. In joining North America’s largest carbon market, we are becoming partners in the most efficient and cost effective emissions reduction program there is. Transparently reinvesting all cap and trade revenue will also allow us to support up to $8.3 billion in projects that fight climate change like home and business retrofits. These investments will help families and businesses reduce costs and make the switch to non-polluting choices easier and less expensive.

Ontario’s business community throughout the consultation and implementation processes have shown support for our plan to fight climate change because directly compared to the alternatives, it is best suited spur economic growth and achieve real emissions reductions.

Flavio Volpe President of the Automotive Parts Manufacturers Association stated “with every leading jurisdiction we compete with studying cap and trade models, it is important that this Province continues to be a leader in the formulation and implementation of global best practices.”

David Paterson from General Motors Canada stated “as Ontario moves to place a value on carbon, we will work together and support the development of market mechanisms that are effective, protect our manufacturing competitiveness and support consumers interested in adopting new technologies, like our Chevrolet electric vehicles.”

Furthermore, after introducing its cap and trade program, California’s economy grew at a pace that exceeded the growth of the rest of the U.S. economy. The number of jobs in California grew by almost 3.3 per cent in the first year and a half of the program, outstripping the national rate of job creation, which was 2.5 per cent over the same period.

4 COMMENTS

  1. From what I have learned, there have been five known ice ages in the earth’s history and 11700 years ago the last one ended.

    How did that happen you ask? Well I have some crazy news, the climate changed and the earth warmed again.

    That dam sun keeps on stealing all of our ice over and over again. So I have a solution to this problem, how about a CARBON TAX? And maybe, just maybe we can bring back the ice ages.

    You know I think if we give enough money to all those people that are in charge they could fix the sun, that dam thing keeps changing our climate.

    I really do believe a CARBON TAX is a viable solution to climate change it can save the earth and mankind in one shot.

    You see folks; there were no taxes millions of years ago so the problem could not be fixed! Its time to empty our wallets and just say no to that nasty sun!

    What a disaster, big league

    No more sunny ways

    Cheers!

  2. If you look at it realistically , we had 5 previous ice ages – guess what they melted. Why you ask, let me think – did the earth warm up , of course it did because this is a natural cycle that has occurred many times before. Now the governments around the world are using fear to find a way to create a new tax, that will do nothing to stop the natural process and ultimately cause us to lose jobs south. Get ready for more expensive things and job losses.

  3. Absolutely ridiculous when the US is not doing this.
    Big players must be on board
    Watch jobs disappear south!!!

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