Report: The $2 Billion Question – How Can Ontario Reinvest Cap-and-Trade Proceeds to Meet its Climate Challenge and Grow the Economy?

The $2 Billion Question – How Can Ontario Reinvest Cap-and-Trade Proceeds to Meet its Climate Challenge and Grow the Economy?

Ontario has announced it will be putting a price on carbon pollution by implementing a cap-and-trade system. The system will be an important part of Ontario’s climate strategy, but it alone will not be enough for Ontario to meet its carbon reduction target. Other complementary polices will also be needed.

Ontario has committed to reinvest the proceeds from the cap-and-trade system into other initiatives that will reduce carbon pollution. The province’s cap and trade system is expected to raise about $2 billion a year by 2020. This report answers the question: What can that $2 billion do? The report provides several examples of how $2 billion can further Ontario’s climate goals while creating jobs and economic opportunities.