Québec, August 16, 2016 – The Ministère du Développement durable, de
l’Environnement et de la Lutte contre les changements climatiques (MDDELCC), in
conjunction with the California Air Resources Board (CARB), will hold a
greenhouse gas emission units joint auction today. This
is the eighth joint auction held since their respective carbon markets were
linked on January 1, 2014.
The joint auction will take place between 1 p.m. and 4 p.m. In all, 86,278,410 emission units for
the Current Auction and 10,078,750 emission units for the Advance Auction
(2019 vintage) will be put on sale at a minimum price of $16.45 CAD ($12.73 USD).
Bidders from both Québec and California
will be able to submit bids for the purchase of emission units, enabling them
to reach their environmental objectives set under the greenhouse gas
The auction notice is
available at : http://www.mddelcc.gouv.qc.ca/changements/carbone/Emetteurs-participants-en.htm
The results of the auction (the quantity of emission units sold and
final prices) and the identities of participating bidders will be posted on August
23, 2016 on the MDDELCC Web site.
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