Gowlings, one of Toronto's leading business law firms, is holding a seminar in regards to the Ontario Cap and Trade System for business. The details on this seminar follow - you can click here for more information and to register.
From Nov. 30 to Dec. 11, 2015 the world will meet in Paris for the Conference of the Parties to the UN Framework on Climate Change. “Paris 2015” is billed as a crucial conference — an effort to achieve a new international agreement on climate applicable to all nations.
The position of the new Government of Canada going into Paris 2015 is uncertain. In this country it is the provinces which have taken the lead on climate action. One mechanism adopted at the provincial level, by Quebec and Alberta, is the implementation of a greenhouse gas cap and trade system. The Province of Ontario has announced that it too will implement a cap and trade system, linked to the systems already functioning in Quebec and California.
This seminar will explore what cap and trade means for those in the capped sectors as well as for their stakeholders. It will also explore what opportunities there may be for participation by those in unregulated sectors. We will address questions such as:
- How are the caps set?
- How does one acquire an emission allowance?
- How are allowances traded?
- What are offset credits, and how are they issued and traded?
- How do linkages work between jurisdictions?
- What are the business opportunities, and risks, in a cap and trade system?
- What is project carbon finance all about? Who are the participants and what are the opportunities?
- What does cap and trade mean for shareholders, lenders, and other stakeholders?
Our speakers bring a legal and business perspective to the topic, from Ontario, Quebec and California.