Reducing Carbon Emissions By Implementing A Cap And Trade System

887 Words Nov 19th, 2015 4 Pages
Introduction
This article states that Ontario is preparing to aim at reducing carbon emissions by implementing a cap-and-trade system which claims to “put a price on everything from industrial emissions to gasoline and natural gas”. By explaining how the cap-and-trade system works to cut back the carbon emissions in industries operating, this article claims that this system will limit carbon emissions by making companies to purchase permits which are called allocations from the government to emit carbon. Cap on gasoline and natural gas means consumers will have to pay for the costs, which forces consumers to behave environmental friendly as well. By implementing cap-and-trade systems, sectors including heavy industry, transportation fuels, and electricity generation would fall under the cap, while some other systems for example Quebec’s sectors are not under cap. In opposing to this exception, the experts hold the opinion that cap-and-trade systems should be spread “as large a constituency as possible” (Morrow 2015).
Meanwhile, there will be big polluters such as long suffered manufactory may suffer from possible breaks. Although there will be big polluters that can become candidates of breakers, the government will seek to protect them from the full cost from this policy by giving industries up to 100 percent of their allocations for free for the first four years of this program. However, the researchers are debating on the number of free allocations as they think 100…
Open Document