November 22, 2018
The results of the November 14 greenhouse gas (GHG) emission units auction held jointly with the California Air Resources Board (CARB) were made public today.
During the sale, 78,825,717 current vintage emission units were sold at $20.27 CA ($15.31 US), and 9,401,500 2021 vintage emission units went for $20.30 CA ($15.33 US).
The sale generated in the order of $220 million CA in revenue for Québec.
This entire amount will be paid into the Green Fund to finance the measures contained in the 2013-2020 Climate Change Action Plan, for the benefit of Québec society.
This reduction level is consistent with the recommendations of the Intergovernmental Panel on Climate Change for industrialized countries.
The summary of the Nov. 14 auction results is available at: