Although the trial auction raised only $30 million, the province expects that the total proceeds 1 Preliminary findings from (Beck, Rivers, Wigle, and Yonezawa 2014) cast doubt on the basis for this concern. [...] 5 Indeed the Quebec climate plan makes explicit reference to this fact (Quebec 2012, ii). [...] 7 Alberta’s taxes are already among the lowest in Canada. [...] The recently elected majority Liberal 8 Indeed, the cost of the feed- ‐in tariff is ultimately born by consumers. [...] In fact, Clinch, Dunne, and Dresner (2006) recommend a portfolio approach to the allocation of environmental tax revenues in the European context; a combination of earmarking of parts of the revenues for environmental 13 The carbon price did not apply to emissions from transporta.