Americas > California-Quebec model allowance prices rising to $180 in 2040, consider duration limits on banked allowances in upcoming workshop

California-Quebec model allowance prices rising to $180 in 2040, consider duration limits on banked allowances in upcoming workshop

Published 04:23 on November 16, 2023  /  Last updated at 05:23 on November 16, 2023  / Bijeta Lamichhane /  Americas, Canada, US

California regulator ARB and Quebec's Environment Ministry (MELCCFP) on Wednesday modelled CO2 permit prices under various allowance budget scenarios, discussed cost-containment mechanisms, and deliberated market rule changes such as updating holding limits and auction purchase limits ahead of its Nov. 16 workshop discussing potential amendments to the cap-and-trade programme.
California regulator ARB and Quebec's Environment Ministry (MELCCFP) on Wednesday modelled CO2 permit prices under various allowance budget scenarios, discussed cost-containment mechanisms, and deliberated market rule changes such as updating holding limits and auction purchase limits ahead of its Nov. 16 workshop discussing potential amendments to the cap-and-trade programme.


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