At 12:00 p.m. (PST) today, the California Air Resources Board (ARB) released the results of the ninth quarterly auction of carbon allowances under the AB 32 cap-and-trade program. This marks the first auction jointly held by California and Quebec.
The auction was conducted on November 25th. Please note that the auction was originally scheduled for November 19th, but was postponed due to technical difficulties.
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 2014 (Current Auction)|
|Bids/Available for Sale Ratio:||1.73|
|Vintage 2017 (Advance Auction)|
|Bids/Available for Sale Ratio:||1.92|