Le Lézard
Classified in: Environment
Subjects: ENP, CPG

Results of the May 14, 2019 Québec-California Carbon Market Joint Auction


QUÉBEC, May 22, 2019 /CNW Telbec/ - The results of the May 14, 2019 greenhouse gas (GHG) emission units auction held jointly with the California Air Resources Board (CARB) were made public today.

During the sale, 66,321,122 current vintage emission units were sold at $23.48 CA ($17.45 US), and 9,038,000 2022 vintage emission units went for $23.42 CA ($17.40 US). The sale generated in the order of 253 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:

Associated link:

The summary of the May 14, 2019 auction results is available on the Ministry website at:
www.environnement.gouv.qc.ca/changements/carbone/ventes-encheres/avis-resultats-en.htm

 

SOURCE Ministère de l'Environnement et de la Lutte contre les changements climatiques


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