COVID-19 Impacts Drive Huge Drop In California-Quebec GHG Credit Sale

May 28, 2020
The latest California-Quebec greenhouse gas allowance auction saw a large decrease in the number of carbon credits sold due to COVID-19’s devastating economic impacts, with slightly more than one-third of the total number of current-year vintage allowances selling at the floor price and only about 20 percent of future-year allowances selling at the floor price. The results contrast sharply with the previous auction held in February where all of the current- and future-year allowances sold at well above the floor...

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