Accounting Mechanism Proposal for Linkage Agreement - Article 8

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June 20, 2022

Accounting Mechanism Proposal for Linkage Agreement - Article 8

The California Air Resources Board and the Québec ministère de l’Environnement et de la Lutte contre les changements climatiques (Ministry of the Environment and the Fight against Climate Change) will hold a virtual workshop to present the accounting mechanism developed by Québec and California that identifies and accounts for compliance instruments traded between jurisdictions and retired in the WCI linked carbon market. The accounting mechanism has been developed pursuant to Article 8 of the Agreement on the Harmonization and Integration of Cap-and-Trade Programs for Reducing Greenhouse Gas Emissions (Linkage Agreement).

Date:                 June 30, 2022
Time:                 1:00 p.m. – 2:00 p.m.
Location:           Remote Only

Workshop Registration

This public workshop will be available via webinar only. Webinar participants will be able to ask questions or provide comments during the webinar. You will need to register in advance. After registering, you will receive a confirmation email with information about how to access the webinar by computer or by telephone.



The California Cap-and-Trade Program and Québec Cap-and-Trade System have been linked since January 2014. Linking enables compliance instruments, allowances and offsets, to be traded and used interchangeably across the linked programs. In Article 8 of the Linkage Agreement, the jurisdictions agreed to develop a mechanism to account for compliance instruments traded between jurisdictions. Based on this accounting methodology, Québec and California will determine the annual number of compliance instruments retired toward cap-and-trade program compliance that are attributed to each jurisdiction.