California Carbon Rises to Eight-Week High After Quebec Votes
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California carbon futures rose to the highest price in almost two months after Quebec approved changes to allow links between their cap-and-trade systems.
Carbon markets in Quebec and California will be connected next spring, and their governments will hold the first joint auction of carbon allowances in August, Yves-François Blanchet, Quebec’s minister of sustainable development, environment, wildlife and parks, said in a statement on his agency’s website.