The Government of Québec has just completed the first stage of linking the Québec and California carbon markets. The regulation to amend the Regulation respecting a cap-and-trade system for greenhouse gas emission allowances was published in the Gazette officielle du Québec, and will be available for public consultation for a period of 60 days.
This draft regulation is aimed at creating a regional North American carbon market by harmonizing Québec’s system with that of California and other eventual partners, such as Ontario and British Columbia.
Press release