California, Quebec retire CO2 allowances for Ontario de-linkage as WCI surplus builds

Published 23:02 on July 5, 2019  /  Last updated at 00:29 on July 6, 2019  /  Americas, Canada, US  /  No Comments

California and Quebec regulators have retired carbon allowances to account for Ontario’s abrupt exit from the WCI cap-and-trade programme last summer, while California also shifted more permits into the state’s Allowance Price Containment Reserve (APCR) and retired units on behalf of a bankrupt power utility during Q2 2019.

California and Quebec regulators have retired carbon allowances to account for Ontario’s abrupt exit from the WCI cap-and-trade programme last summer, while California also shifted more permits into the state’s Allowance Price Containment Reserve (APCR) and retired units on behalf of a bankrupt power utility during Q2 2019.

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