Several prominent business leaders and professionals are expressing disappointment, and projecting billions of dollars in direct losses and forgone economic development.

Dismantling Ontario's cap-and-trade system would be a setback for the commercial real estate sector and the many trades and professions it employs, one of its prominent industry organizations maintains.

In 2017, the province of Ontario advanced its role in the fight against climate change with the launch of its provincial cap and trade program.

Ontario is investing a total of $1.4 billion in 2017-18 to improve school buildings by repairing and upgrading elements such as roofs, flooring and plumbing systems.

Canadian provinces and territories have been given a 2018 deadline to either invoke some form of carbon pricing or accept a federally imposed model.

Yet to be clarified language in Ontario's recently released Climate Change Action Plan hints that rental housing landlords could be uniquely prohibited among bulk fossil fuel purchasers from passing cap-and-trade related costs farther down the chain of consumers.

Commercial real estate operators have been largely excluded from incentives outlined in the newly released Climate Change Action Plan, even though they'll soon be absorbing the flow-through cost of carbon emission allowances in natural gas prices.

Commercial and multi-residential real estate owners will catch a significant share of the fallout from Ontario's pending cap-and-trade system, but a projected natural gas price increase in the range of $0.84 to $1.05 per gigajoule is lower than carbon tax rates in British Columbia or Alberta.

Designated greenhouse gas (GHG) emitters in Ontario are combing through the finalized rules for the pending cap-and-trade system, including various formulas for calculating the allotment of free emission allowances.

Ontario unveiled details of its cap-and-trade program, the government’s solution to cutting greenhouse gas emissions and boosting the economy.

On November 16, 2015, Ontario’s MOECC posted details about Ontario’s proposed greenhouse gas cap-and-trade system to the Environmental Registry.

Ontario is moving forward with its commitment to a cap-and-trade system through proposed changes to reporting regulations and draft guidelines.

How will Ontario's new cap-and-trade system affect businesses in the coming years? A panel of market insiders gathered to discuss the possibilities.