The Québec-California-Ontario carbon market joint auction is being held today

Québec, May 15, 2018. – A greenhouse gas emission units auction is being held today. The Ministère du Développement durable, de l’Environnement et de la Lutte contre les changements climatiques (MDDELCC) will hold this auction in conjunction with the California Air Resources Board (CARB) and the Ministry of the Environment and Climate Change of Ontario. 

The joint auction will take place between 1 p.m. and 4 p.m. ET. In total, 90,587,738 emission units for the Current Auction and 12,427,950 emission units for the Advance Auction (2021 vintage) will be put on sale at a minimum price of $18.56 CAD ($14.53 USD). Bidders from Québec, California and Ontario will be able to submit bids for the purchase of emission units, enabling them to reach their environmental objectives set under their greenhouse gas cap-and-trade system.

Quick fact:

The results of the auction (the quantity of emission units sold and final prices) and the identities of participating bidders will be posted on May 23, 2018 on the MDDELCC Web site.

Associated link:

The May 15, 2018 Joint Auction #15 Notice is available at: http://www.mddelcc.gouv.qc.ca/changements/carbone/Emetteurs-participants-en.htm

– 30 –

Media Relations
Ministère du Développement durable, de l'Environnement et de la Lutte contre les changements climatiques
Tel.: 418-521-3991