As outlined in the OCC’s recent report, Clean Profits, Ontario’s business community understands the need to address climate change. If designed correctly, the Province’s cap and trade system could provide significant economic and environmental opportunities. If designed poorly, however, we could see the opposite.
Above all, to design and implement an effective cap and trade system, businesses need to be part of the solution.
This demands a design process that provides certainty and transparency for the business community. Without
knowing how cap and trade could impact their bottom line, businesses looking to invest and expand in Ontario
face an ambiguous decision-making environment.
As such, the OCC appreciates the government’s decision to publicly release the design options for cap and trade
currently under consideration.
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