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United States2024-12en

Report on the Net Flow of Compliance Instruments between Québec and California for the Period 2013-2023

Summary

This report addresses the challenge of transparently tracking compliance instrument flows in the linked cap-and-trade markets of California and Québec. It details the joint accounting mechanism used to calculate the net transfer of allowances and offset credits between the jurisdictions for greenhouse gas emission reduction. The report presents the completed net flow data from 2013 to 2023, indicating an ongoing and evolving partnership in carbon market management.

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