Quebec and California Working Together to Reduce GHG Emissions

Quebec announced new regulations on December 13 aimed at harmonizing Quebec’s cap-and-trade system with California’s in 2013, operating within the Western Climate Initiative. Approximately 85 industrial locations in Quebec belonging to 60 companies will be part of the new cap-and-trade system, beginning in January 2013. The minister responsible stated, “I am confident that we will see a full linkage of the Québec and California markets during spring 2013 in anticipation of the first joint auction planned for August, 2013. Québec and California have agreed to work together closely so that Canadian provinces and U.S. states join the market.” See the Government press release of December 13 at:http://www.mddep.gouv.qc.ca/communiques_en/2012/c20121213-carbone.htm (English) and  http://www.mddefp.gouv.qc.ca/infuseur/communique.asp?no=2301 (French), with more details at: http://www.mddep.gouv.qc.ca/changements/carbone/Systeme-plafonnement-droits-GES-en.htm (English), http://www.mddep.gouv.qc.ca/changements/carbone/index.htm(French).

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