Ontario permits sell out at first auction
7 Mar 2018
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ONTARIO has participated in its first auction of carbon allowances as part of the Western Climate Initiative, selling 23,743,316 current-vintage allowances at a price of $C18.44 ($NZ19.66).
The auction, carried out in conjunction with Quebec and California, sold its entire offering of more than 98 million current-vintage emissions permits and is the first of four such auctions scheduled for this year. It is the largest such sale to date.
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