The auction raised roughly $600 million for the Greenhouse Gas Reduction Fund, which California will use for programs that further reduce climate and local air pollution and advance environmental equity.
Quebec raised over $240 million (Cdn) ($185 million) to support climate action in the province.
Western Climate Initiative Inc is a non-profit corporation formed to provide administrative and technical services to support the implementation of state and provincial greenhouse gas emissions trading programs.
(Source: Western Climate Initiative, 26 Feb., 2020)
Contact: Western Climate Initiative, www.wci-inc.org
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In Quebec, energy and industry produce a relatively small percentage of the province's overall emissions due primarily to the province's reliance on carbon-free hydroelectricity.
The transport sector is responsible for more than 40 per cent of the province's carbon dioxide emissions, according to the most recent figures available.
(Source: CBC, Various Media, 28 Feb., 2019)
More Low-Carbon Energy News Quebec Carbon Market, Carbon Tax, Carbon Market, Western Climate Initiative ,
According to the provincial government, the free credits equate to about 90 pct of Nova Scotia Power's needs.
The province has set a $20 per credit floor price for two annual auctions starting in 2020.
The not-for-profit Western Climate Initiative will administer Nova Scotia's cap-and-trade system.
(Source: CBC, Nova Scotia Minister of Environment, 13 Nov., 2018) Contact:
Western Climate Initiative, www.westernclimateinitiative.org; Nova Scotia Department of Environment, Jason Hollett, Executive Director of Climate Change, (902) 424-3600, https://novascotia.ca/nse
More Low-Carbon Energy News Cap-and-Trade, Nova Scotia Cap-and-Trade, Carbon Emissions, Western Climate Initiative,