Classified in: EnvironmentSubjects: ENI,
ENP
Carbon Market: Québec and California Hold 26th Joint Auction of Greenhouse Gas Emission Units Today
QUÉBEC, Feb. 17, 2021 /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, 54,773,607 emission units for the Current Auction and 8,306,250 emission units for the Advance Auction (2024 vintage) will be put on sale at a minimum price of $22.46 CAD ($17.71 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.
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 February 24, 2021 on the MELCC Web site.
Associated link:
SOURCE Ministère de l'Environnement et de la Lutte contre les changements climatiques
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News published on 17 february 2021 at 10:00 and distributed by: