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Ontario expected to join Quebec-California carbon cap and trade market

May 26, 2017 by Ronjoy Bezbarua

(Source: North Country Public Radio) Ontario’s Environment Ministry says the results of the latest Quebec-California cap-and-trade auction show the carbon market system is working as intended. The Quebec-California auction sold out of its current allowances, which is a stark improvement from the previous one in which only 18 per cent of offerings sold. Ontario, which started a cap-and-trade program this year, will hold its second auction on June 6. The system aimed at lowering greenhouse gas emissions puts caps on the amount of pollution companies in certain industries can emit and allows them to buy allowances at auction if they exceed those limits. Read full article….

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