Le Lézard
Classified in: Environment, Business
Subjects: ECO, RCY, ENI, CPG

Results of the August 20, 2019 Québec-California Carbon Market Joint Auction


QUÉBEC, Aug. 27, 2019 /CNW Telbec/ - The results of the August 20, 2019 greenhouse gas (GHG) emission units auction held jointly with the California Air Resources Board (CARB) were made public today.

During the sale, 66,289,515 current vintage emission units were sold at $22.82 CA ($17.16 US), and 9,038,000 2022 vintage emission units went for $22.41 CA ($16.85 US). The sale generated in the order of 247 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 August 20, 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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