Carbon Market: Results of November 15 Auction held between Québec and California
QUÉBEC, Nov. 22, 2023 /CNW/ - The results of the 37th auction of greenhouse gas (GHG) emission units held on November 15 jointly with the California Air Resources Board (CARB) were released today.
During the sale, 57,617,565 current vintage emission units were sold at $53.16 CA ($38.73 US), and 7,577,000 2026 vintage emission units went for $51.33 CA ($37.40 US). The sale generated in the order of 417 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.
Quick facts:
Until now, the carbon market has generated revenue of over 7.9 billion dollars for Québec, all of which is used to support Québec companies, municipalities, institutions and citizens in their transition to a low carbon world.
The next auction will take place on February 14, 2024. An official notice will be published on the Ministry Website 60 days before the auction, as stipulated in the regulation. The registration period will begin on the day the notice is published.
Québec adopted GHG emission reduction target below 1990 levels of 37,5% by 2030. As announced in the 2030 Plan for a Green Economy the government intends to make a longer-term commitment to achieve carbon neutrality by 2050.
Forum Energy Technologies, Inc. announced today that Neal Lux, President and Chief Executive Officer, and Lyle Williams, Executive Vice President and Chief Financial Officer, will participate in a fireside chat with Water Tower Research on Tuesday,...
Groupe SEB and Meyer Corporation, two of the world's largest cookware manufacturers, are proud to announce the establishment of the Cookware Sustainability Alliance (CSA). The CSA is a new 501 (c)(6) non-profit organization that fosters robust policy...
Rubicon Technologies, Inc. ("Rubicon" or the "Company") , a leading provider of technology solutions for waste and recycling generators, today reported financial and operational results for the first quarter of 2024.
First Quarter 2024 Financial...
Select Water Solutions, Inc. ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced their collaborative efforts with Occidental at the South Curtis Ranch treatment...
SunPower received on May 17, 2024, a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule"), which requires timely filing of all...
Xcel Energy today named Rob Berntsen as the company's executive vice president and chief legal and compliance officer. Berntsen takes over the role from Amanda Rome, who held the position on an interim basis while also serving in her role as...