Carbon Market: Québec and California Hold 33rd Joint Auction of Greenhouse Gas Emission Units Today

QUÉBEC, Nov. 16, 2022 /CNW Telbec/ - A greenhouse gas emission units auction is being held today. The Ministère de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (MELCCFP) 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, 58,020,854 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 $26.18 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 November 23, 2022 on the Ministry Website.

Associated link:

• The November 16, 2022 Joint Auction #33 Notice is available at: www.environnement.gouv.qc.ca/changements/carbone/ventes-encheres/avis-resultats-en.htm.

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SOURCE Ministère de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs

Source and information : Media Relations, Ministère de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs, Tél. : [phone]