Association Webinars: California-Quebec Cap-and-Trade: Will it Make it to 2030?


California and Quebec (Canada) are part of the same cap-and-trade system, aiming at reducing GHG emissions by 40% by 2030 (under their 1990 level). Their cap-and-trade has the largest coverage of all emission trading systems, with a price floor increasing every year. It’s been working well since 2013 – but hasn’t been tested hard since caps have been relatively high. Consumers didn’t notice so far the 10-15¢/gallon (2-4¢ per litre) they’ve been paying on their gasoline for its carbon content. With rapidly declining caps in the next 10 years, the real challenges are yet to come. This webinar will cover the key components of this carbon market, how it behaved until now and what to expect by 2030.

Speaker: Pierre-Oliver Pineau, Chair in Energy Sector Management, HEC Montreal (

Pierre-Oliver Pineau (PhD, HEC Montréal, 2000) is a professor at the Department of Decision Sciences of HEC Montréal and holds the Chair in Energy Sector Management since December 2013. He is an energy policy and management specialist, with a focus on electricity reforms. He has published many papers on the energy sector, most of them exploring the links between energy and some aspects of sustainable development. He participates regularly in the public debate on energy and has authored many reports for the government and other public organizations.

He is a researcher and Fellow at the Center for Interuniversity Research and Analysis of Organizations (CIRANO). Before joining HEC Montreal, he was an associate professor at the School of Public Administration, University of Victoria (2001-2006).


© 2022 International Association for Energy Economics | Privacy Policy | Return Policy