At 12:00 p.m. (PST) today, the California Air Resources Board (ARB) released the results of the twenty-third quarterly auction of carbon allowances held jointly with the province of Quebec.
The auction was conducted on May 20. Note that the Current Auction included 1.8 million allowances of vintage year 2017 and more than 55 million vintage 2020 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 2017/2020 (Current Auction)|
|Bids/Available for Sale Ratio:||0.37|
|Vintage 2023 (Advance Auction)|
|Bids/Available for Sale Ratio:||0. 20|
*: all prices are US dollars.