Le Lézard
Classified in: Environment
Subjects: ENI, ENP, CPG

Carbon Market: Results of February 17th Auction held between Québec and California

QUÉBEC, Feb. 24, 2021 /CNW Telbec/ - The results of the 26th auction of greenhouse gas (GHG) emission units held on February 17 jointly with the California Air Resources Board (CARB) were released today.

During the sale, 54,773,607 current vintage emission units were sold at $22.58 CA ($17.80 US), and 8,306,250 2024 vintage emission units went for $22.84 CA ($18.01 US). The sale generated in the order of 190 million Canadian dollars in revenue for Québec. This entire amount will be paid into the Electrification and Climate Change Fund to finance the measures contained in the 2030 Plan for a green economy as well as ongoing commitments made under the 2013-2020 Climate Change Action Plan.

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Associated link:

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

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