Le Lézard
Classified in: Environment
Subject: CPG

Carbon Market: Québec and California Hold 25th Joint Auction of Greenhouse Gas Emission Units Today


QUÉBEC, Nov. 17, 2020 /CNW Telbec/ - A greenhouse gas emission units auction is being held today. The Ministère de l'Environnement et de la Lutte contre les changements climatiques (MELCC) will hold this auction in conjunction with the California Air Resources Board (CARB).

The joint auction will take place between 1 p.m. and 4 p.m. ET. In total, 56,366,432 emission units for the Current Auction and 8,672,250 emission units for the Advance Auction (2023 vintage) will be put on sale at a minimum price of $21.83 CAD ($16.68 USD). Bidders from Québec and California will be able to submit bids for the purchase of emission units, enabling them to reach their environmental objectives set under their respective greenhouse gas cap-and-trade systems.

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


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