Quebec, California and Washington State want to link their carbon markets [Video]

Quebec, California and Washington State have reiterated their intention to link their carbon markets.

On Monday morning, the Quebec Environment Ministry issued a news release informing the public of the progress made in setting up a joint carbon market with California and Washington State, also known as a “liaison.”

“We believe that a linkage will strengthen our respective efforts to combat climate change and reduce air pollution while encouraging other governments to adopt flexible, market-based climate policies,” the statement said. “We will continue to share information and work together to establish a link and achieve these common goals.”

In the spring of 2024, Quebec, California and Washington State had expressed interest in the possible creation of a tri-state linked carbon market.

Since 2013, California, like Quebec, has been running a cap-and-trade scheme for greenhouse gas emissions since 2012. These two markets were linked on Jan. 1, 2014.

After Ontario withdrew …