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Companies Spend More Than $1bn in Carbon Auction

High-emitting companies spent more than $1 billion on carbon allowances in California and Quebec’s most recent carbon auction, the second since the two jurisdictions linked their cap-and-trade programs. The California Air Resources Board said participants in the Feb. 18 auction paid $12.21 per credit to emit CO2 this year and … Read more »

California, Quebec Carbon Auction Raises $407M

All 33.8 million carbon allowance sold out at California and Quebec’s first joint carbon auction, held Nov. 25, which raised about $407 million. The cap-and-trade auction sold all 23.1 million allowances to release carbon emissions this year, with companies paying 12.10 a ton for the 2014 carbon credits. California and … Read more »

Quebec, California Look to Expand Carbon Market

In an effort to expand the carbon market they established last year, leaders in Quebec and California are actively looking to recruit other parts of Canada and the US to join, according to Bloomberg. Quebec is discussing a regional market with the governors of New England states and leaders in … Read more »

Calif., Québec Conduct Practice Carbon Auction

California and Québec in early August will conduct a practice carbon auction for their linked cap-and-trade programs, according to the California Air Resources Board and the ministère du Développement durable, de l’Environnement et de la Lutte contre les changements climatiques (Ministry of Sustainable Development, Environment and the Fight against Climate … Read more »

California Carbon Prices ‘Will Remain Low’

California carbon prices will remain low through 2020 due to excess permits, which will limit the revenue the state will raise through its carbon auctions, Reuters reports. California carbon market partner Quebec saw 12 percent lower than anticipated carbon prices, according to analysts at Thomson Reuters Point Carbon. This means … Read more »

Global Carbon Market Prices Drops 38% in 2013

Global carbon markets’ value dropped 38 percent to 38.4 billion euros ($52.9 billion) in 2013, according to analysts at Thomson Reuters Point Carbon. Reuters reports prices dropped in the main European Union and United Nations carbon markets. The news agency says, according to analysts, the value of carbon permits and … Read more »

Low Demand at Quebec Carbon Auction

Quebec sold a third of its carbon allowances at $10.75 per metric ton at its first carbon auction held last week. Of the 2.97 million greenhouse gas emission units for 2013 up for sale, 1 million units were sold. In addition, 1.7 million emission units for 2016 were sold. The … Read more »

Quebec Train Accident: What Can We Learn?

The Quebec fuel train disaster, which has left 13 dead and dozens missing, and 27,000 gallons of light crude spilled into waterways, has raised several questions for environment and energy managers. Yesterday lead investigator Donald Ross, of Canada’s Transportation Safety Board, said the tankers used by the Quebec train have a … Read more »

Quebec Buying up to 1,675 Volvo Hybrid Buses

Volvo Buses’ North American subsidiary, Nova Bus, has received an order for 475 hybrid buses from Quebec, Canada, with an option for a further 1,200 vehicles. The customer, ATUQ, is a consortium consisting of the province’s nine transit authorities. Delivery of the 475 LFS HEV (hybrid electric vehicle) buses will start … Read more »