Information Session for Stakeholders November 21, 2016

Similar documents
Comprehensive Review of BC Hydro: Phase 1 Final Report

Toronto Atmospheric Fund

THE SOUTH AFRICAN CARBON TAX

Budget 2016 Summary. Budget 2016 will implement a plan to invest more than $120 billion in infrastructure over 10 years, including:

Proposed Administrative Penalties Regulation under the Climate Change Mitigation and Low-carbon Economy Act, 2016 (CCMLEA) Regulatory Proposal

PEPANZ Submission: New Zealand Emissions Trading Scheme Review 2015/16

Appendix 20. Environmental, Social and Governance Reporting Guide

Slide 1. Slide 2. Slide 3. PSAB Implementation. Newfoundland and Labrador Municipalities. Overview. Who is PSAB and what do they do?

Toronto Atmospheric Fund

We add value to Canada s natural resources

Energy ACCOUNTABILITY STATEMENT MINISTRY OVERVIEW

SENATE, No STATE OF NEW JERSEY. 214th LEGISLATURE INTRODUCED NOVEMBER 8, 2010

Reserve. Joel Levin. Business Development

ONTARIO CHAMBER OF COMMERCE Pre-budget SUBMISSION

Evaluation of the Pilot Project of Domestic Emissions Trading Scheme

4 th PA PMR. EU ETS and Australian CPM Linking Sydney October 2012

ASSEMBLY BILL No. 1011

Enhanced disclosures: Leading practices and current trends

Standard for Greenhouse Gas Emission Offset Project Developers Carbon Competitiveness Incentive Regulation

AD HOC WORKING GROUP ON LONG-TERM COOPERATIVE ACTION UNDER THE CONVENTION Resumed seventh session Barcelona, 2 6 November 2009

Canada: Ontario budget

Question 5: In your view, how does free allocation impact the incentives to innovate for reducing emissions? b) it largely keeps the incentive

Pricing Carbon in Oregon:

LONDON CORPORATE ASSET MANAGEMENT PLAN 2014

MAIN BOARD LISTING RULES. Chapter 13

Financial Reporting of Environmental Liabilities

Annual Report 2016 Activities and Accomplishments

LARGE RENEWABLE PROCUREMENT I CONTRACT ( LRP I Contract ) Key Development Milestones Guidelines. February 13, 2018

Topics for NZ ETS Review 2015/2016 consultation

The new LIFE Regulation ( ) 23 September 2013

THE WORLD BANK TERMS OF REFERENCE Impact of carbon pricing instruments on national economy and contribution to NDC

Appendix A Growthpoint Properties Green Bond Framework

(Unofficial Translation) Announcement of the Board of Investment No. 9/2560 Measures to Promote Improvement of Production Efficiency

Carbon Tax a Good Idea for Developing Countries?

Establishment of the Leading Asia s Private Sector Infrastructure Fund

CANADIAN WIND ENERGY ASSOCIATION (CANWEA) CANADIAN SOLAR INDUSTRIES ASSOCIATION (CANSIA)

CBA of transport infrastructure projects in Germany

TRANSFORMATIONAL NAMAS, CLIMATE FINANCE & TRANSITIONING TO A 2015 AGREEMENT

Scaling up Climate Change Finance Barriers, Options and the Private Sector

Ministry of Environment. Plan for saskatchewan.ca

Toronto Atmospheric Fund

FY and FY Draft Budget Operations Committee January 24, 2017

The Sustainability Edge in Real Estate Investing

Electricity Power System Planning

Carbon taxation an instrument for developing countries to raise revenues and support national climate policies

VALUE FOR MONEY ASSESSMENT TORONTO SOUTH DETENTION CENTRE M AK I N G P R O J E C T S H AP P EN: TORONTO SOUTH DETENTION CENTRE - P AG E 1 -

The World Bank Climate Change and Green Growth in Vietnam (P155824)

Indian Railway Finance Corporation Ltd. Green Bond Framework

Being a Participant in the Emissions Trading Scheme. User Guide

A broad-based charge on fossil fuels, or carbon tax, payable by fuel producers and distributors; and

The Carbon Offset Trade Association (COTA) and The Alberta Offset Credits Market

The World Bank. Ghana: Energy Development and Access Project (P074191) Key Dates. Project Development Objectives. Components

AAU sales and Green Investment Schemes: Towards implementation in Ukraine

MANDATORY GREENHOUSE GAS EMISSION TRADING SCHEMES OPERATING IN AUSTRALIA, CALIFORNIA, EUROPEAN UNION AND QUÉBEC July 2013

Decoding Ontario s Carbon Market

Ontario s Climate Change Action Plan: Implications for companies and government

Unitil Corporation Earnings Conference Call Second Quarter 2017

Building a Better Tomorrow

AN ACT. Be it enacted by the General Assembly of the State of Ohio:

THE CLIMATE CHANGE BILL, 2012

Self Financing Update

CARBON FORESTRY OVERVIEW

The Benefits of a Carbon Tax Swedish experiences and a focus on developing countries

Green Bond Principles, 2014 Voluntary Process Guidelines for Issuing Green Bonds

Detailed Recommendations 10: Develop Environmental Cost Analysis

Corporate Services Solid Waste Management

For help accessing information in this document, please contact 311.

Western Climate Initiative, Inc. Budget for Calendar 2019 and Projected Expenditures for 2020 and 2021 October 11, 2018

Western Climate Initiative, Inc. Budget for Calendar 2018 and Projected Expenditures for 2019 and 2020 October 12, 2017

Pacific Carbon Trust 2013/ /16 Service Plan.

The main objectives of the eu rural development policy for

Financing Low Carbon Projects

+ 50% by In the short term: 50% increase in low carbon investments. + investment

Recent policy developments and the rise of climate-related securities disclosure

Australia s Emissions Trading Scheme: Design Features and Lessons Learned presentation to IEA-IETA-EPRI emissions trading workshop

GUIDE Beta Version 1.0 Current as at: 12 November 2018

Responsible Investment Policy 2018

Environmental and Social Action Plan (ESAP): Oyu Tolgoi Project

Alberta Presentation to Partnership Assembly Meeting (PA13)

The Benefits of a Carbon Tax Swedish experiences and a focus on developing countries

Enhanced Economic Analysis and Social Equity Issues

CPPIB Green Bond Presentation

Austrian Climate Change Workshop Summary Report The Way forward on Climate and Sustainable Finance

Major Economies Business Forum: Green Climate Fund and the Role of Business

Image: The Caribbean Sea and Curacao RESPONSIBLE INVESTING ACTIVELY DESIGNING SOLUTIONS FOR THE FUTURE

NEXT STEPS FOR CONVERTING INTENDED NATIONALLY DETERMINED CONTRIBUTIONS INTO ACTION

Fact sheet: Financing climate change action Investment and financial flows for a strengthened response to climate change

How Ontario is Putting Conservation First

TAXATION AND ENERGY EFFICIENCY

Overview. Highland Creek Wastewater Treatment Plant. R.C. Harris Water Treatment Plant

Investor Update Paris. March 16, 2016

NEWS RELEASE. Government will complete Site C construction, will not burden taxpayers or BC Hydro customers with previous government s debt

LIFE WRITERS WORKSHOP: CONCEPT NOTE

ASEAN GREEN BOND STANDARDS

Ekološki Sklad Republike Slovenije, Javni Sklad Environmental Fund of the Republic of Slovenia, Public Fund

The Ministry of Energy consists of the Department of Energy, the Alberta Petroleum Marketing Commission, and the Alberta Energy and Utilities Board.

SINDICATUM RENEWABLE ENERGY COMPANY GREEN BOND

Administrative Response PwC - CO2 Reduction Initiatives Audit Report

EU Energy Efficiency Policy and Legislation

A Portfolio Approach to Securing Internal Financing for Energy Efficiency

Transcription:

Ministry of the Environment and Climate Change Environmental Activity and Sector Registry Fee Update Information Session for Stakeholders November 21, 2016

Purpose To provide an overview of changes to the fee structure for the Environmental Activity and Sector Registry (EASR) coming into effect on December 1, 2016. 2

Background Since the EASR was launched in 2011, it has been successful in furthering the ministry s Modernization of Approvals initiatives and promoting the government s Open for Business strategy and Business Growth Initiative: As of 2015-16, EASR has resulted in cost savings to business of about $33 M. For most EASRs, registrants don t have to submit costly technical studies that would have been required under previous approval processes. EASR also greatly reduces processing times associated with review of technical applications under other approvals streams (e.g. Environmental Compliance Approvals and Renewable Energy Approvals). Approximately 50 percent of EASR registrants are new clients to the ministry. This means that more activities and sectors may be monitored for compliance with the ministry s environmental standards. The new Air and Noise Emissions EASR (planned for January 2017) will create a faster, more efficient process for complying with environmental requirements by enabling electronic registration of air and emissions processes. 3

Background EASR fees were first introduced on November 18, 2012. Current EASR fee is $1,190 per registration. Government-wide drivers: o o o o Commission on the Reform of Ontario s Public Services (CROPS): Move towards full cost recovery and user-pay models for environmental programs and services. The cost of providing services should be placed on the beneficiary s shoulders rather than the public s. Provincial Auditor s 2012 Annual Report: Where fees are collected for services offered to the public, pricing should be based on consideration of the full costs of delivering the service. Cap and Trade (2017): The EASR for air and noise emissions planned for January 2017 will complement the ministry s cap and trade initiative. A faster review process will allow more certainty for businesses as they plan for investments to upgrade their facilities to reduce greenhouse gas emissions under the cap and trade program. A modern and efficient process would reduce time and costs involved in implementing low-carbon technologies. Business Growth Initiative: Focus on modernizing Ontario s regulatory system by removing regulatory barriers to growth and establishing new, modern regulatory practices. 4

New Fee Structure The ministry is implementing changes to the EASR fee structure, going from a single EASR fee to three EASR fee categories: 1. Phase-in increase to the current EASR fee by 10% each year for rules based EASRs (most EASR activities that require one-time registration), 2. Introduce new EASR fee for air and noise emissions (assessed EASR), and 3. Maintain current EASR fee for short-term project based activities. The creation of three fee categories recognizes the different nature of EASR activities. 5

1. Rules Based EASR For rules-based EASRs, the current registration fee of $1,190 is increasing by 10% to $1,309 on December 1, with a 10% increase each year thereafter until March 2021. The following EASR activities will be subject to this fee: heating systems standby power systems automotive refinishing facilities non-hazardous waste management systems small ground-mounted solar facilities commercial printing facilities end of life (ELV) waste disposal sites This is a one-time charge per activity, the same for any activity, and payable at the time of registration. 6

2. Assessed EASR The assessed fee for the new Air and Noise Emissions EASR will be set at $2,353 to address the comprehensive compliance costs associated with this EASR. These EASRs require undertaking more comprehensive technical assessments resulting in the ministry undertaking a more comprehensive compliance approach. Similar to the rules-based EASR, the fee is a one-time charge per activity. The Air and Noise Emissions EASR is expected to be implemented in January 2017. 7

3. Short-term project based EASR The existing fee of $1,190 will be maintained for new EASRs recently approved for construction project water takings. It is being maintained at the current level to mitigate cost impacts for registrants that need multiple short-term EASRs over the course of one construction project. The fee will apply to two Water-taking EASRs (road construction and construction dewatering) transitioned from the Permit to Take Water (PTTW) program to the EASR as of April 1, 2016, and may also apply to future short-term project based activities that are added to the EASR. 8

How will the new fee structure work? Fee Category EASR fee for FY 2016-17 (starting Dec. 1) EASR fee for FY 2020-21 1. Fee for rules based EASRs (such as automotive refinishing) 10% increase in fee over next 5 years $1,309 $1,916 2. New fee for assessed EASR (air and noise emissions) Fee remains static for next 5 years $2,353* $2,353 3. Fee for multiple registrations (shortterm project based activities such as water takings) Fee remains static for next 5 years $1,190 $1,190 9 *New fee will apply when the air and noise emissions EASR is implemented in Jan. 2017.

OUTCOMES The new fee structure will provide a balance by allowing businesses to continue to self-register their prescribed activities while the ministry moves towards full cost recovery of its environmental programs and ensures environmental protection. The fee increase is necessary because EASR revenues do not cover operating costs. However, Ontario also believes fees must be fair and reasonable. As a result, the EASR fees, even with the increase, will not cover program costs. Businesses still benefit from significant cost savings by not having to apply under other approvals streams (e.g. ECA, REA, PTTW) which often require the submission of technical studies, making the approval more costly. Significant time savings are also realized through quick online registrations versus lengthy processing times for technical review of approvals applications. As well, no additional fees are required for EASR (e.g. no renewals, amendments or associated fees). A faster review process will allow more certainty for businesses as they plan for investments to upgrade their facilities to reduce greenhouse gas emissions under the cap and trade program. A modern and efficient process would reduce time and costs involved in implementing lowcarbon technologies. 10