Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Reveal Navigation

Quebec Holds First Carbon Permit Auction Quebec Holds First Carbon Permit Auction Quebec Holds First Carbon Permit Auction Quebec Holds First Carbon...

share
This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Energy

Quebec Holds First Carbon Permit Auction

The Canadian province of Quebec has instituted a carbon market in an attempt to rein in carbon-dioxide emissions.(SAUL LOEB/AFP/Getty Images)

photo of Clare Foran
December 3, 2013

The Canadian province of Quebec opens its carbon market Tuesday with an auction for carbon permits for the largest polluters in the province, Reuters reports.

Experts in California, which has a similar program in place to regulate carbon emissions, say it is hard to predict the clearing price for permits at the auction. In the latest auction held in California, permits sold for $11.48 per ton of carbon dioxide emitted.

The minimum price that permits can be sold for in Quebec's auction is $10.10 in U.S. dollars. The price will be increased by 5 percent in 2014 and adjusted upwards to account for inflation.

Get us in your feed.
 
Comments
comments powered by Disqus