Aug. 25: Results of Joint Carbon Market with California Released

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The government announced the results of the Aug. 18, 2015, auction of GHG emission credits, which was held jointly with California. Overall, 73,429,360 current vintage emissions units (2015) were sold at a unit price of $16.39 CA ($12.52 US) and 10,431,500 future emissions units (2018) were sold at a unit price of $16.10 CA ($12.30 US). The auction generated gross revenue for Québec in the amount of $205 million (CA), which goes to the Green Fund and is reinvested in the implementation of measures in the 2013-2020 Climate Change Action Plan.