Ontario launches voluntary clean energy credit registry
Ontario companies can now purchase "credits" to indicate their commitment to green electricity, and the province says proceeds will go into a fund to support the development of new clean energy projects.
The government announced last year that it was creating a Clean Energy Credit Registry -- it said today that Ontario Power Generation is now selling the credits, while the Independent Electricity System Operator will start offering them in the summer.
Energy Minister Todd Smith says the registry and its credits allow businesses to showcase their commitment to clean energy, which will help make Ontario competitive as companies around the world look to invest in jurisdictions with a green electricity system.
Ontario's electricity system is 90 per cent emissions free, down recently from 94 per cent as the province relies more on natural gas generation to address rising electricity demand and a looming supply crunch.
The government says businesses will be able to buy clean energy credits specifically from nuclear, wind, solar, hydro and bioenergy generation.
Ontario expects sales in the first year of the registry to generate $8 million for the Future Clean Electricity Fund, but hopes that amount will rise in subsequent years.
This report by The Canadian Press was first published March 29, 2023.
CTVNews.ca Top Stories
Quebec nurse had to clean up after husband's death in Montreal hospital
On a night she should have been mourning, a nurse from Quebec's Laurentians region says she was forced to clean up her husband after he died at a hospital in Montreal.
Northern Ont. lawyer who abandoned clients in child protection cases disbarred
A North Bay, Ont., lawyer who abandoned 15 clients – many of them child protection cases – has lost his licence to practise law.
Bank of Canada officials split on when to start cutting interest rates
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
Maple Leafs fall to Bruins in Game 3, trail series 2-1
Brad Marchand scored twice, including the winner in the third period, and added an assist as the Boston Bruins downed the Toronto Maple Leafs 4-2 to take a 2-1 lead in their first-round playoff series Wednesday
Cuban government apologizes to Montreal-area family after delivering wrong body
Cuba's foreign affairs minister has apologized to a Montreal-area family after they were sent the wrong body following the death of a loved one.
'It was instant karma': Viral video captures failed theft attempt in Nanaimo, B.C.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
What is changing about Canada's capital gains tax and how does it impact me?
The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about the move.
New Indigenous loan guarantee program a 'really big deal,' Freeland says at Toronto conference
Canada's Deputy Prime Minister Chrystia Freeland was among the 1,700 delegates attending the two-day First Nations Major Projects Coalition (FNMPC) conference that concluded Tuesday in Toronto.
'Life was not fair to him': Daughter of N.B. man exonerated of murder remembers him as a kind soul
The daughter of a New Brunswick man recently exonerated from murder, is remembering her father as somebody who, despite a wrongful conviction, never became bitter or angry.