Ontario Holds Third Cap-and-Trade Auction
The Ontario Ministry of the Environment and Climate Change (MOECC) held the third auction of greenhouse gas (GHG) allowances on September 6, 2017.
A total of 25,296,367 current (2017) allowances were sold at a settlement price of $18.56 CAD and a total of 3,116,700 future (2020) GHG emission allowances were sold at a settlement price of $18.03 CAD during the September Auction. The auction generated an estimated $525,694,672 CAD in proceeds, which by law will be invested in programs that the MOECC says will reduce GHG pollution and help families and businesses reduce their own emissions through the Climate Change Action Plan.
For more information on how to participate in Ontario’s cap-and-trade auctions click here.