At 12:00 p.m. (PST) today, the California Air Resources Board (ARB) released the results of the tenth quarterly auction of carbon allowances under the AB 32 cap-and-trade program. This marks the second auction jointly held by California and Quebec.
The auction was conducted on February 18th.
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: +1 415.963.9137 or +1.914.323.0265, for more details on the auction or to transact in the market.
|Allowances Available for Auction|
|Vintage 2015 (Current Auction)|
|Bids/Available for Sale Ratio:||1.14|
|Vintage 2018 (Advance Auction)|
|Bids/Available for Sale Ratio:||1.02|