Ontario’s second auction in its cap-and-trade program has sold out of its current allowances, bringing in about $504 million.
The first auction earlier this year in the system aimed at lowering greenhouse gas emissions also sold out, and brought in $472 million.
At this auction, the settlement price was $18.72 per allowance, compared to $18.08 in the first auction.
The system puts caps on the amount of pollution companies in certain industries can emit, and if they exceed those limits they must buy allowances at auction or from other companies that come in under their limits.
Latest from Greenhouse Management
- Voting now open for the National Garden Bureau's 2026 Green Thumb Award Winners
- WUR extends Gerben Messelink’s professorship in biological pest control in partnership with Biobest and Interpolis
- Lights, CO2, GROW!
- Leading the next generation
- The Growth Industry Episode 8: From NFL guard to expert gardener with Chuck Hutchison
- The biggest greenhouse headlines of 2025
- Theresa Specht
- 10 building blocks of plant health
