QUÉBEC, Aug. 27, 2025/ CNW/ – The outcomes of the 44 th greenhouse gas (GHG) emission systems auction held collectively with the California Air Resources Board (CARBOHYDRATE) on August 20 were launched today.
Throughout the sale, 51,883,970 existing vintage emission systems, consisting of 77,524 consigned emission systems, were cost $ 39.84 CA ($ 28.76 United States), and 6,847,750 2028 vintage emission systems opted for $ 3948 CA ($ 2850 United States). For Québec, the sale produced gross incomes in the order of 286 million Canadian dollars that will be transferred into the Electrification and Environment Modification Fund, which funds the steps of the 2030 Prepare for a Green Economy, and 3,0 million Canadian dollars in profits, under the emission system consignment system. These reserved quantities for qualified emitters will be utilized mainly to fund GHG emission decrease tasks.
Quick truths:
- To date, the carbon market has actually produced more than $ 10.6 billion in profits for Québec, all of which is utilized to support Québec companies, towns, organizations and residents in their shift to a lower-carbon world.
- The next auction will happen on November 19, 2025 A main notification will be published on the Ministry’s site 60 days prior to the auction, as needed by policy. The registration duration will open on the exact same day.
- Québec has actually embraced a GHG emissions decrease target of 37.5% listed below 1990 levels by 2030. As revealed in the 2030 Prepare for a Green Economy, the federal government plans to make a longer-term dedication to attain carbon neutrality by 2050.
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SOURCE Ministère de l’Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs
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