NDP proposing new cap and trade system for emission reductions
On the campaign trail today, the N-D-P are proposing a new cap-and-trade system for emissions reductions in the province if they are elected this week.
The N-D-P, Liberals and Greens all pledge to cut emissions in half by 2030, but only the New Democrats are promising a new cap-and-trade system to achieve those reductions.
The systems put caps on the amount of pollution companies in certain industries can emit and if they exceed those limits they must buy an equal number of allowances.
The former Liberal government entered Ontario into a cap-and-trade system with California and Quebec, but the Ford government scrapped it after they took power in 2018.
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