California and Québec Announce First Joint Cap-and-Trade Auction

The California Air Resources Board and the Québec Ministry of Sustainable Development, Environment and the Fight against Climate Change today announced that their first joint cap-and-trade auction will take place November 19, 2014.
The two jurisdictions have worked together for several years to ensure their cap-and-trade regulations are equally stringent and can be integrated. The two programs officially linked on January 1, 2014, and have been working toward a joint auction. California held its first cap-and-trade auction in November 2012 and Québec held its first auction in December 2013.
CL&M represents the Western Climate Initiative, Inc., which is assisting the State of California  and the Province of Québec in connection with the upcoming joint cap-and-trade auction. Attorneys participating in the representation of WCI, Inc. have included partners Clifford P. Case, Austin D. Keyes and members of the Environmental Practice Group.

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