Québec City, June 15, 2018 – Following the announcement this morning that the new
Ontario government apparently intends to withdraw from the GHG emission
cap-and-trade system, Quebec Minister of Sustainable Development, the
Environment and the Fight Against Climate Change Isabelle Melançon has
indicated that Quebec has made note of the decision and that the carbon market
that Quebec established in 2013, which has been linked to California’s carbon
market since 2014, would pursue its activities. It should be noted that even
prior to Ontario’s becoming a partner, the market was recognized as one of the
most efficient, rigorous markets in the world.
In this context, California and Quebec will continue to
collaborate with the Ontario government to minimize any possible disturbance in
the linked market. The California Air Resources Board (CARB) and Quebec will
work together with Ontario to coordinate the timetable, the treatment of
existing compliance tools and other repercussions of possible withdrawal from
the market. Emphasis will be placed on the maintenance of the linked carbon
market’s rigour and the integrity of the compliance tools.
pricing is an international trend
Some 21 GHG emission cap-and-trade systems are now in
operation the world over. States that maintain such a mechanism account for
more than 50% of global GDP and encompass nearly one-third of the world’s
By sharing its expertise, Quebec is contributing to the
implementation of various carbon pricing systems, in particular with China and
Mexico. Moreover, during his latest economic mission in France, Quebec Premier
Philippe Couillard and his French counterpart Prime Minister Édouard Philippe
agreed on a roadmap respecting the fight against climate change, energy
and sustainable development.
The roadmap indicates that Quebec and France will organize a high-level
round-table conference on drawing closer together the European Union Emissions
Trading System and the carbon market established between Quebec and California.
“We note the new Ontario government’s decision. We deem the
carbon market to be the best way to reduce greenhouse gas emissions and
generate economic growth. Furthermore, extensive collaboration is now
developing with other governments interested in the market’s mechanisms and
bodes well for other partnerships in the future.
As Quebec Premier Philippe Couillard has frequently
emphasized, the economy and the environment go hand in hand. Governments do not
have to choose between the economy, on the one hand, and environmental
protection and combating climate change, on the other. We must focus on both
simultaneously. This is what enables us to realize the carbon market. I am
fully confident in its long-term survival.”
Isabelle Melançon, Minister of Sustainable Development, the Environment
and the Fight Against Climate Change
establishing clear objectives for emitters, based on degressive caps, it
guarantees greenhouse gas emission reductions. Between 2012 and 2016, reporting
emitters reduced their emissions by 6.8%, a sign that the carbon market is
encourages innovation: businesses and society as a whole are encouraged to
display creativity and find innovative solutions to reduce GHG emissions and
better consume energy;
generates revenue, which, in Quebec, is accelerating GHG emission reduction and
increasing Quebec society’s resilience to climate change impacts. Indeed, 100%
of the revenue from the GHG emission cap-and-trade system is reinvested in
efforts to combat climate change in Quebec.
worth noting that the federal government’s objective is to reduce by 30% by
2030 Canadian emissions in relation to the 2005 level. To this end, it has advised
all of the provinces that they should adopt by 2018 a carbon pricing strategy,
whether a GHG emission cap-and-trade system or a carbon tax.
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