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

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

QUÉBEC, Nov. 24, 2021 /CNW Telbec/ - The results of the 29th auction of greenhouse gas (GHG) emission units held on November 17 jointly with the California Air Resources Board (CARB) were released today.

During the sale, 68,598,217 current vintage emission units were sold at $35.47 CA ($28.26 US), and 8,306,250 2024 vintage emission units went for $42.68 CA ($34.01 US). The sale generated in the order of 371 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.

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

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