Managing carbon is a new challenge for energy users. Regulations and economic impacts combine to demand greater attention to carbon by energy users. Aegent helps clients understand the regulatory issues, carbon risks, allowances and the optimal balance in carbon strategy between the cost of allowances and the cost of mitigation.
In Ontario, its Cap and Trade Program begins in 2017 in accordance with the Climate Change Mitigation and Low-Carbon Economy Act, 2016. Facilities that emit between 10,000-25,000 tonnes of CO2e annually may choose to opt into the Cap and Trade Program and become voluntary participants. Facilities that emit more than 25,000 tonnes of CO2e annually and are currently reporting greenhouse gas (GHG) emissions must register as mandatory participants.
Aegent is registered to act as an agent with the Ministry of Environment and Climate Change (MOECC) on behalf of capped participants to assist them in meeting their compliance obligations.