The governments of Canadian provinces of Ontario, Québec and Manitoba have signed a new memorandum of understanding (MoU) to link the cap and trade programs in Ontario, Québec and Manitoba under the Western Climate Initiative, further strengthening North America's largest carbon market. Five Canadian provinces, including Québec, Ontario, Manitoba, Alberta and British Columbia, will now have some form of carbon pricing mechanism. The new agreement among Ontario, Québec and Manitoba will build on existing joint initiatives between Ontario and Québec, including the Memorandum of Understanding Concerning Concerted Climate Change Actions and Market-Based Mechanisms 2015.
Québec launched its carbon market in 2013 before linking it to California’s in 2014. Ontario committed to linking its cap and trade program with Québec’s in April 2015. Manitoba announced a new cap and trade program in December 2015.
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