Quebec and California will hold a joint auction of greenhouse gas permits this fall, the first since they formally linked their carbon markets in January, the ISIS Research Centre reports. “Cap and trade is alive and well, and its days are looking pretty bright,” responded Alex Wood, Senior Director of Policy at Sustainable Prosperity, in an interview with Forrest. A Sustainable Prosperity report previously concluded that the linked markets would be “an economically efficient way to address greenhouse gas emission reduction objectives in both jurisdictions,” with provincial governments in Canada filling the void “in this absence of leadership from the feds.” Last week, Bloomberg reported that Quebec and California were “working very hard to recruit new partners,” in the words of Quebec Premier Philippe Couillard, including Ontario, Vermont, Oregon, and Washington State.
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