Joint California-Québec Public Workshop: Potential Amendments to the Cap-and-Trade Regulation

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May 24, 2023

Joint California-Québec Public Workshop: Potential Amendments to the Cap-and-Trade Regulation

The California Air Resources Board (CARB) and the Québec Ministère de l’Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (Québec Ministry of the Environment, the Fight against Climate Change, and of Wildlife and Parks) invites interested parties to participate in a public workshop on potential updates to the linked California Cap-and-Trade Program and Québec Cap-and-Trade System. CARB staff will present on the status of the Cap-and-Trade Regulation, scope of potential updates, and evaluations to inform potential regulatory amendments to align with the 2022 Scoping Plan Update.

Date:                 June 14, 2023
Time:                 8:30 a.m. – 11:00 a.m.
Location:           Remote only

Staff will request written feedback following the workshop through 11:59 p.m. Pacific Time on July 7, 2023. A link to submit written feedback will be posted to the Cap-and-Trade Meetings & Workshops webpage.

The public workshop will be in English with French interpretation. For special accommodations or language needs please contact Camille Sultana no later than May 31. 

Workshop Registration

This public workshop will be available via Zoom. Attendees will be able to ask questions or provide comments during the workshop. All attendees must register in advance. After registering, you will receive a confirmation email with information about how to access the workshop by computer or by telephone. 


Market-Sensitive Information and Workshop Materials

Given the existing market and the fact that some topics may influence current market behavior, CARB will exercise due diligence to ensure all market influencing information is made available to all stakeholders at the same time. Workshop materials will be posted at 12 p.m. on June 13 to the Cap-and-Trade Meetings & Workshops webpage. 

Cap-and-Trade Background

CARB first formally adopted the Cap-and-Trade Regulation in October 2011. The Board adopted amendments to the Regulation in June 2012, October 2013, April 2014, September 2014, June 2015, July 2017, March 2018, and December 2018. The California Cap-and-Trade Program and Québec Cap-and-Trade System have participated in a linked carbon market since January 2014. In 2017, AB 398 was passed by a supermajority in the Legislature and included prescriptive direction on the design of the program from 2021 through 2030. The Cap-and-Trade Regulation establishes a declining limit on major sources of GHG emissions throughout California, and it creates a powerful economic incentive for significant investment in cleaner, more efficient technologies. The regulation is one of the measures adopted by CARB, pursuant to Health and Safety Code Sections 38500-38599 (AB 32) to reduce California’s greenhouse gas emissions and advance the State’s climate goals. It complements other measures to ensure that California cost-effectively meets its goals for GHG emissions reductions.

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