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) |
VINTAGE 2018 (Advance Auction) |
| 73,610,528 | 10,431,500 |
| Vintage 2015 (Current Auction) | |||||
| Allowances | Bidders | Settle Price | |||
| Offered: | 73,610,528 | % Compliance: | 93.5% | $12.21 | |
| Sold: | 73,610,528 | ||||
| Bids/Available for Sale Ratio: | 1.14 | ||||
| Vintage 2018 (Advance Auction) | |||||
| Allowances | Bidders | Settle Price | |||
| Offered: | 10,431,500 | % Compliance: | 95.1% | $12.10 | |
| Sold: | 10,431,500 | ||||
| Bids/Available for Sale Ratio: | 1.02 | ||||