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.

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 26, 2022 on the MELCC Web site.

Associated link:

• The May 18, 2022 Joint Auction #31 Notice is available at: www.environnement.gouv.qc.ca/changements/carbone/ventes-encheres/avis-resultats-en.htm.

Source and information :

Media Relations 
Ministère de l'Environnement et de la Lutte
contre les changements climatiques
Tél. : [phone] 
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SOURCE Ministère de l'Environnement et de la Lutte contre les changements climatiques