Le Lézard
Classified in: Environment
Subjects: ENI, CPG

Carbon Market: Québec and California Hold 31st Joint Auction of Greenhouse Gas Emission Units Today


QUÉBEC, May 18, 2022 /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, 58,331,300 emission units for the Current Auction and 7,942,750 emission units for the Advance Auction (2025 vintage) will be put on sale at a minimum price of $25.28 CAD ($19.70 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 and information :

Media Relations 
Ministère de l'Environnement et de la Lutte
contre les changements climatiques
Tél. : 418 521-3991 
Twitter 
Facebook

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


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