|Policy status:||In Force|
|Policy Type:||Economic Instruments>Market-based instruments>GHG emissions trading|
|Policy Target:||Framework/ Multi-sectoral Policy, Energy Sector, Resilience / Adaptation|
|Agency:||Government of Quebec|
One of the key aspects of Quebec’s climate change approach is the cap-and-trade system for greenhouse gas emission allowances implemented in January 2013. In 2013 and 2014, the system applied to electricity production and distribution, and large industrial facilities. Since 2015, the system has extended to distribution of the fuels and fossil fuels used in the transportation, building, and small- and medium-sized business sectors.
The joining of Quebec’s and California’s cap-and-trade systems for greenhouse gas emission allowances has been official since 2014. The Government of Quebec held four auctions within its territory in 2013-2014, and held its first joint auction sale with California in November 2014. All auctions are now joint auctions.
Last modified: Thu, 21 Jan 2016 14:47:08 CET