Results of the May 15 Québec-California-Ontario Carbon Market Joint Auction
QUÉBEC, May 23, 2018 /CNW Telbec/ - The results of the May 15 greenhouse gas (GHG) emission units auction held jointly with the California Air Resources Board (CARB) and the Ontario Ministry of the Environment and Climate Change (MEACC) were made public today.
During the sale, 90,587,738 current vintage emission units were sold at $18.72 CA ($14.65 US), and 6,057,000 2021 vintage emission units went for $18.56 CA ($14.53 US). The sale generated in the order of 190 million Canadian dollars in revenue for Québec. This entire amount will be paid into the Green Fund to finance the measures contained in the 2013-2020 Climate Change Action Plan, for the benefit of Québec society.
Quick facts:
To date, the carbon market has generated revenue of over 2.4 billion dollars for Québec, all of which is used to support Québec companies, municipalities, institutions and citizens in their transition to a low carbon world.
The next auction will take place on Tuesday, August 14, 2018. An official notice will be published on the MDDELCC website 60 days before the auction, as stipulated in the regulation. The registration period will begin on the day the notice is published.
Québec aims to reduce its GHG emissions by 20% below 1990 levels by 2020 and by 37.5% by 2030, while committing to a reduction of 80 to 95% by 2050, in accordance with the Under2MOU (Memorandum of Understanding). This reduction level is consistent with the recommendations of the Intergovernmental Panel on Climate Change for industrialized countries.
Source and information : Media Relations Ministère du Développement durable, de l'Environnement et de la Lutte contre les changements climatiques Tel.: 418 521-3991
Kinaxis® Inc. , a global leader in end-to-end supply chain orchestration, today announced it has been named a Leader in the 2024 Gartner® Magic Quadranttm for Supply Chain Planning Solutions.
Of the 20 vendors evaluated, Gartner positioned Kinaxis...
Today, Immutable Games, a global leader in web3 game development and publishing, announced the hiring of Priya Keshyap as Executive Producer for Guild of Guardians, the epic fantasy RPG which comes to mobile on May 15. Keshyap draws on more than a...
Cyberchase, The WNET Group's multiple Emmy-winning math and environmental literacy series for kids ages 6-8, launches its 15th season with an unprecedented digital offering to meet young viewers where they are. An expansive slate of programming...
When you go on a trip, you might reach for a map to help navigate your journey or pull up GPS on your phone. But what if the destination is on another planet, and there is no map? A new project sponsored by the International Space Station (ISS)...
Nullmax, an advanced autonomous driving company, is showcasing its innovative full-set of autonomous driving solutions at the 2024 Beijing International Automotive Exhibition (Auto China 2024), held at the China International Exhibition Center. The...
Alliant Credit Union, a leader in digital banking and one of the largest credit unions in the nation, announces the appointment of four members to its board of directors. These additions to Alliant's board bring vast expertise spanning from leaders...