Category : Climate and Environment
CIPI: Project Backgrounder and Methodology
This report introduces the Costing Climate Change Impacts on Public Infrastructure project, which provides projections of the long-term costs that certain climate change hazards will impose on Ontario’s provincial and municipal infrastructure budgets. The report outlines the context and methodology, describes the climate hazards included in the project, and discusses the projections of these hazards to public infrastructure. Results will be published in three sector reports for buildings, transportation, and water infrastructure.
CIPI: Assessing the financial impacts of extreme rainfall, extreme heat and freeze-thaw cycles on public buildings in Ontario
This report estimates the impacts of changes in extreme rainfall, extreme heat and freeze-thaw cycles on the long-term costs of maintaining public buildings in a state of good repair. The report shows that these climate hazards will materially increase the cost of maintaining public buildings in Ontario, and the future severity of climate change will have a direct impact on provincial and municipal infrastructure budgets.
The Cost of Subsidizing Green Energy Contracts for Industrial and Large Commercial Ratepayers
This report explains how the Province’s new program to reduce electricity costs for industrial and large commercial ratepayers by subsidizing the cost of green energy contracts will work, projects the cost of the program to the Province, and estimates the impact of the program on Ontario electricity ratepayers.
Cap and Trade: A Financial Review of the Decision to Cancel the Cap and Trade Program
This report finds that by cancelling the cap and trade program, the Province’s annual budget balance will worsen by a cumulative total of $3.0 billion over the next four years.
Electricity Trade Agreement
This report reviews the Ontario-Quebec Electricity Trade Agreement, which is a seven-year agreement between Ontario and Quebec that runs from 2017 to 2023.
Nuclear Refurbishment Report
The FAO’s report reviews how the nuclear refurbishment plan will impact electricity ratepayers and the Province, and identifies how financial risk is allocated among ratepayers, the Province, Ontario Power Generation and Bruce Power.
Cap and Trade: An Assessment of the Fiscal Impact of Cap and Trade
This report analyzes the fiscal impact of cap and trade, i.e. how cap and trade will impact the Province’s projected surplus/deficit.
The Financial Accountability Office was established by the Financial Accountability Officer Act, 2013.
