Results of the first Québec-California joint auction

QUÉBEC, Dec. 3, 2014 /CNW Telbec/ - The Ministère du Développement durable, de l'Environnement et de la Lutte contre les changements climatiques announced today the results of the first joint auction of greenhouse gas (GHG) allowances that was held jointly with the State of California on November 25^th.

All 23,070,987 allowances for 2014 and 10,787,000 allowances for 2017 that were up for sale were purchased at the auction.

The sale generated revenues of approximately 33 million dollars for Québec which will be transferred into the Green Fund and entirely reinvested in implementing the 2013-2020 Climate Change Action Plan (PACC 2013-2020).

A summary of the results of the November 25^th joint auction is available on the Ministère's Web site at www.mddelcc.gouv.qc.ca/changements/carbone.

SOURCE AND INFORMATION:
 
Media Relations
Ministère du Développement durable, de
l'Environnement et de la Lutte contre les
changements climatiques
Tel.: [phone] 

SOURCE: Ministère du Développement durable, de l'Environnement et de la Lutte contre les changements climatiques

Media Relations, Ministère du Développement durable, de l'Environnement et de la Lutte contre les changements climatiques, Tel.: [phone]