At 12:00 p.m. (PST) today, the California Air Resources Board (ARB) released the results of the sixteenth quarterly auction of carbon allowances held jointly with the province of Quebec.
The auction was conducted on August 14. Note that the Current Auction included nearly 16 million Vintage 2016 allowances and more than 63 million vintage 2018 allowances.
Below you will find the top-line results of the auction. We will continue to provide updates on market developments in subsequent blog posts. Please contact Evolution Markets' US Carbon Markets Team at: +1.914.323.0265, for more details on the auction or to transact in the market.
| Allowances Available for Auction | |
| VINTAGE 2016/2018 (Current Auction) |
VINTAGE 2021 (Advance Auction) |
| 79,421,265 | 9,401,500 |
| Vintage 2016/2018 (Current Auction) | |||||
| Allowances | Bidders | Settle Price* | |||
| Offered: | 79,421,265 | % Compliance: | 91.6% | $15.05 | |
| Sold: | 79,421,265 | ||||
| Bids/Available for Sale Ratio: | 1.22 | ||||
| Vintage 2021 (Advance Auction) | |||||
| Allowances | Bidders | Settle Price | |||
| Offered: | 9,401,500 | % Compliance: | 75.3% | $14.90 | |
| Sold: | 9,401,500 | ||||
| Bids/Available for Sale Ratio: | 1.45 | ||||
*: all prices are US dollars.