The Québec-California-Ontario carbon market joint auction is being held today
QUÉBEC, May 15, 2018 /CNW Telbec/ - A greenhouse gas emission units auction is being held today. The Ministère du Développement durable, de l'Environnement et de la Lutte contre les changements climatiques (MDDELCC) will hold this auction in conjunction with the California Air Resources Board (CARB) and the Ministry of the Environment and Climate Change of Ontario.
The joint auction will take place between 1 p.m. and 4 p.m. ET. In total, 90,587,738 emission units for the Current Auction and 12,427,950 emission units for the Advance Auction (2021 vintage) will be put on sale at a minimum price of $18.56 CAD ($14.53 USD). Bidders from Québec, California and Ontario will be able to submit bids for the purchase of emission units, enabling them to reach their environmental objectives set under their greenhouse gas cap-and-trade system.
Quick fact:
The results of the auction (the quantity of emission units sold and final prices) and the identities of participating bidders will be posted on May 23, 2018 on the MDDELCC Web site.
Expanding on its sustainability leadership, New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources , announced it is switching to a new, lower emissions fuel for medium-duty trucks and associated equipment to help further...
Consolidated Communications , a leading fiber provider, today published its 2023 Environmental, Social and Governance (ESG) Report. The report details Consolidated's ongoing efforts to enhance sustainable and responsible business and operational...
Mercom Capital Group, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the global solar sector in the first quarter of 2024.
Total corporate funding into the...
US consumers are less sustainably minded than they were just a year ago, according to a new Global Voices survey from ESW, the world's leading direct-to-consumer (DTC) ecommerce company. Scoring just 49 this year versus 51 in 2023, the US also lags...
ARISTA Homes, one of Ontario's most successful homebuilders and Panasonic Canada, the global manufacturer of innovative, energy efficient and sustainable home building solutions, today announced an innovative collaboration that will see Breathe Well...
Gear Hugger, a brand created to preserve your favorite gear and protect the planet, today announces the launch of its latest sustainable innovation: Dry Bike Lubricant. Using a non-toxic, plant-based formula with a vegetable oil base, Gear Hugger's...