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

Québec, August 14, 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).

The joint auction will take place between 1 p.m. and 4 p.m. ET. In total, 79,421,265 emission units for the Current Auction and 9,401,500 emission units for the Advance Auction (2021 vintage) will be put on sale at a minimum price of $19.09 CAD ($14.53 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 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 August 21, 2018 on the MDDELCC Web site.

Associated link:

The August 14, 2018 Joint Auction #16 Notice is available at: http://www.mddelcc.gouv.qc.ca/changements/carbone/Emetteurs-participants-en.htm

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