Washington, California and Québec take the next step towards linking carbon markets by releasing draft agreement

Washington State, California, and Québec have released a draft agreement for public consultation to advance the potential linkage of their carbon markets, marking a key step toward regional integration in North America. The proposal outlines efforts to align program design elements, including emissions caps, auction mechanisms, compliance rules, and market oversight. If finalized, the linkage could expand market size, enhance liquidity, and improve price stability across jurisdictions. Building on the existing California–Québec system, the initiative reflects growing momentum for regional carbon market cooperation and offers a potential model for scaling carbon markets globally.
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