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

QUÉBEC, Feb. 21, 2018 /CNW Telbec/ - 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. EST. In total, 98,215,920 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 $18.34 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 February, 28, 2018 on the MDDELCC Web site.

Associated link:

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

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]

Related Links

www.mddelcc.gouv.qc.ca/